Yep, that's the balance I'm trying to find: at what price I'm ok to part with shares if need be / are the premiums worth it With VTI I'm ok on both counts, with IEMG it was rather a gamble (higher atm premium for the hope that the shares won't get called/but I also keep ~half of the position un-optioned (for now) in case they do) Next batch of VTI calls I'll try to sell for less premium/shorter term - to see if I can "rinse and repeat" (c) @porticomandec12 wrote: ↑ I have 2 covered calls that will be expired next Friday. Slightly ITM.
From my experience, I learned to be happy with the expected premium and let the shares be called. Got burned with TEVA, bought the calls back at a loss and watched the shares went further south. Watched the values of my soon to be expired 2 calls went up by $1000, and to see it backs down to about $140.
Good luck next Friday - and in March!