10-01-2013, 11:28 AM
Your covered call strategy is more aggressive than my strategy. I only sell covered calls on stocks that I think are greatly overpriced (WM though it then rose even higher after it was exercised) or on stocks that are specuative in nature (currently WIN collecting the great dividend while hoping it gets exercised). I don't like to sell calls on stocks that I plan on keeping. On my shares that have been exercised, I will rebuy WM once it drops in price since I believe that it is currently grossly overvalued and increases it dividends better that what it currently does.