Covered Calls

[Les]

On 12/12/2013 11:30 AM, Steve Drach wrote:
>> 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.
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Just so.