I will describe below what I do and I donot know what could possibly go wrong in my strategy. I am not suggesting nothing will go wrong but I donot know and that is why I am posing this question here. I fear there will be something and I have not been able to figure that out. My strategy is very simple. I have selected ETFs which have weekly options. Mostly I concentrate on SPY, IWM, QQQQ,EEM, GDX ,USO,. I write weekly covered calls on them. I have an account with IB and I make sure I only use 50% of my equity with IB. I donot want my a/c to get wiped out and I also donot want margin calls from IB. I have been doing covered calls on these for over a year and when weekleys started I moved my options on a weekley basis. I get regular income and keeps me busy as I have to renew positions every week. What could possibly go wrong ? Thanks , all comments much appreciated.