Ok, so selling covered calls on most of your port has a potential downside. What good are you guys if you don't warn me the market is going to run up for 10 weeks and counting? I thought Great Depression II was coming? 
Seriously though, I put myself in a tight spot the past few months. Sell a call for $200 and then buy it back a month later for $1000, then try to find an appropriate new future call to sell immediately at a strike price and date you like, and get your money back for now. I tap danced my way out of MO, BAC, HD with no harm done because they eventually took a breath. I am a jam with AAPL right now. I'm not losing money, but it's been a BIG hassle to keep my shares for sure. The put selling income game is working fine of course, because the market is up. A chimp could make income selling puts right now.
Seriously though, I put myself in a tight spot the past few months. Sell a call for $200 and then buy it back a month later for $1000, then try to find an appropriate new future call to sell immediately at a strike price and date you like, and get your money back for now. I tap danced my way out of MO, BAC, HD with no harm done because they eventually took a breath. I am a jam with AAPL right now. I'm not losing money, but it's been a BIG hassle to keep my shares for sure. The put selling income game is working fine of course, because the market is up. A chimp could make income selling puts right now.