And as far as a total strategy goes, selling covered calls on their own isn't usually that profitable. You can squeeze an extra couple percent out of your holdings a year which isn't nothing, but it's not going to be that noticeable unless you do it for a few decades. If you want a more cumulative strategy, you should also consider selling puts as well. If you're willing to cash settle all covered calls that go against you, and willing to cash settle most puts that do as well and occasionally take assignment of more shares, it would be a more robust strategy. When you get a little more experience you can even use some of your collar premiums and start selling spreads that have a chance to generate higher profit than just puts and calls by themselves.