aoeu on Nostr: If your covered calls ever get in the money or close to it, you can just roll it. Buy ...

If your covered calls ever get in the money or close to it, you can just roll it. Buy to close the current covered call and then sell one the month later at either same strike or slightly higher. You’ll be paid more for the later expiration, enough that you can use that premium to pay for buying to close the initial option. Not ideal because you want the options to expire, but probably better than getting forced to sell your underlying stock.

You can keep rolling like this indefinitely!