Interesting and understood. Though selling covered calls is not the same as investing buy buying calls on the shares at a high price. I know they are cheap, but what you "own" is not very much and it's not current shares. It's a promise to pay if an event is triggered, with a deadline for that date. So it's extremely speculative.
Selling calls, is still speculative, but you own something, and you're getting revenue on it while you may have speculated also that there is no real way that you're going to lose those shares. It's a different kind of speculation, certainly. But you own a relatively more substantial investment right as a shareholder.
The downside there is that you're getting that "revenue" on a very speculative stock that is more likely to go down in price, often, until it gets close to that key binary (but not even binary these days, given less certainty whether reaching key points is even absolutely necessary to ultimate approval) moment, as we are, we believe, now.