I sell covered calls all the time. One piece of advice. Whatever strike price you get zeroed in on, choose one a little higher. You won't give up much in premium but you reduce the probability of triggering an event. Also, focus on tax implications if they get exorcised. I sell at much higher strike in accounts where I could be forced to take a large gain if exercised.

When stock move, up or down, the moves can easily be 20% within months.

I have been selling covered calls for years. Right now I have only $400 or higher strike prices. Also I am waiting for BRKB to pass $320 b4 I sell any more. Could happen in a week. BRKB was up approximately $10 this week.

FWIW

I have:

GOOGL calls $127.5 - $140
MSFT $340 - $350
PCG $20
AAPL $180 & $195 (Which looked far away when I sold)
DHR $330+
OXY $85 - $95
CVX $220+
WFC $57.5
BAC $40

I hope and expect all of these to expire worthless.

Berkshire Hathaway FAQ

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