An Ode to selling Options.

It's not for everyone.

I know many money managers are not fans of covered Calls, and for the most part I am not either.

Where I make an exception is in 2 cases:

1) The Calls are very expensive relative to the general Delta of the Stock.

In those cases, you have an edge selling weeklies, since the rate of return even selling right at the money can produce weekly gains of over 10%.