Covered Calls

[m_winston]

gtober...., Oooooops! That's an important part of the trade.

The longer I have to hold the further OTM I go. And make sure earnings are not sheduled prior to OPEX.

If I want the stock for covered calls then I'll sell ITM prior to OPEX so it will be put to me. Other than that It's safer to sell waaaaaaaay OTM on good companies as it's safer. (you still have to worry about a gap down on OPEX so this is an Ulcer trade.)