Hello All. My question related to when one sells a naked call option. What I currently own are: AAPL Aug10 Call Options $260. (I am currently down around 30% on them because of last two days) I was thinking of Selling Aug10 Call Options $280. I understand I would be limiting my upside if earnings were to explode but at the same time I am reducing the cost of my overall trade and somewhat protecting against the stock falling if the price drops. What I currently have 10 AAPL Aug10 Call Contracts @ 12.70. (Current price is around $10. I can probably write $270 calls at $4-5 depending on how good of a day tomorrow is. Any thoughts on this? Not asking for feedback on AAPL stock but do you guys see this as a good methodology?