Comfort with Covered Calls?

[jmjor]

I toyed with covered calls for awhile. I read somewhere that 80% of all options expire worthless, so why not give it a shot. At first it worked out well, I sold the options, the market went down, either none were called or the ones that were I could almost immediately buy back at a discount (lucky!). I felt like I was so smart. Then I sold a new batch, the market went up and I missed out on very nice capital gains which I found out really bothered me. So I basically quit the practice except only rarely when I have a stock I've decided I wouldn't mind selling.