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How far OTM did he do them? And monthly, or?

I'm fairly sure they use a different strategy than the one I described - one that potentially has much better returns, but (as witnessed) has it's pitfalls too.

I thought that's what could be discussed in this thread. Looking at the Covered Call Options in isolation, as far as I'm aware (happy to be corrected), only the above mentioned 3 scenarios [from previous post] can happen. Most of which involve you taking home bacon as long as they're written out...

That'd be more the underlying shares being crap than the call options, no?

Not really sure how ya went backwards with it, there's 3 different outcomes as far as I'm aware: 1) Share price goes up and you get exercised - meaning you have to sell the share at the higher price (which is hopefully higher than you bought it for) 2) Share price stays the same and you walk...

If you don't mind me asking, how far out of the money are you writing them and at what stage of the month?

So did you end up giving it a go, Simon / Rob W?