Covered Calls

[Steve Drach]

> Sooner or later you'll get called out. It's not your decision; that's one of the downsides to the strategy.

Not necessarily.  Other events that can happen include (1) expiration, and (2) buy to close.  I left out “roll out (and up)” because that strategy will end in one of the 3 ways.  Depending how long you participate, you can make a good chunk of change before you decide to let the underlying stock go.  You can also receive dividends.