I gave this a try today. Bought 600 EMN at cost basis 32.24 Wrote calls at 2.3 44 cent dividend within 3 weeks. This position should return 1.36% for just a 3 week hold. (I've generally been playing divs "the typical way", buying a few weeks before the div, with the intention of selling near the ex-date. Sometimes I try buying puts close to the ex-date, to catch the "downdraft" of div players exiting the stock. This is often much more than the div payment was.) Curious if anyone else is trying this with calls, what kinds of results it provides. There is a risk of assignment before the div payment. Any guess how often the option holder would do this? Although it would be an annoyance, at least it would not cost the div player anything other than lost opportunity.