Hi Help an options novice and fill in the numbers please. Lets asume i bought 1000 MSFT stocks at 25. I sell MSFT 30 Calls with 3 month livetime left for the 1000 stocks. Thats 10 contracts right? They trade at about...? ( Do i have to multiply that price x 100? ) What is the gain if they exercise out the money? If the stock rises continually i will not participate but wont lose either. How long will i approximately have to repeat the covered call selling until i made as much as the stock costs ( 1000 x 25 )? I guess that about 30% of the time i have to deliver my stocks because they are ITM. That means i have no gain for the period and some commissions to pay. If the stock goes to zero quickly i will lose but if it survives for more than say 3 years i will have made eventually more with the calls than what i payed for the stocks.