Anyone here do OTM or ITM covered calls? It seems a lot safer. Any stocks people recommend to do them on that move sideways (trying to profit on premium and keep my shares)

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I used to do iron condors on Duke energy (DUK).

Had margin on my accounts though, so I never bought the underlying stock.

I never got into selling covered calls by buying the underlying for the sole purpose of writing calls. You're basically hypothesizing that a stock won't appreciate in value, and then turning around and buying it.

If a stock is quite predictably flat, your premiums will reflect that, and you end up tying up a larger amount of cash into a non-appreciating asset and skimming poor returns off the top. Short-term tax free bond funds would give similar returns, maybe more, once you consider taxes, time, and trading fees.

I will do this from time to time on some stocks that I've been holding for a very long time. I have a few lots of AMD that I purchased ~$2.50 that I'm reluctant to sell for tax reasons. I'll sell OTM calls since there's a lot of speculation driving that stock's options and I don't need to commit any additional cash.

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Any good starting stocks to do this on given you need 100 shares? Say $5-10 range?

Yeah, commodities are good right now. CORN/SOYB/CANE for example.

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Been trying to do it with QQQ

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