Maksims Covered Call Options Forum

[maksim]

When you sell covered calls, you are taking advantage that vast majority of calls expire worthless.

Also, keep in mind, if you are selling a call, someone is buying that very same call. Same vice versa, so lets use your example...

You wrote a call, say for Dec, and think it may be expiring in the money, so you buy it back to cover, and immediately write another for Jan. So when you buy your Dec call, someone is selling their call to you.

That article basicly talks about regular Calls... and due to the fact that they are mostly time premium, expire worthless.