That's not correct. Margin on stock is 50% and for naked puts is 20%. When you adjust for all the in/out of the money and apply premium received, a covered call is approximately 2-3x as expensive, margin wise. But you are correct in that there's no free lunch with one covered call versus one naked put. Everything is priced in.
Spin, thanks for correcting me, I forget sometimes that dealing in the retail world is a whole lot different.
LOL 0 volume today for those options. Talk about thinly traded options. Interestingly enough LLY jumped 0.87% after hours today. I have not seen any news to warrant such a AH jump.
You and I have the same DNA. I agree with you. You are a seasoned option trader who have been through risk/reward dilema