IMHO
I wouldn't sell calls until 2 weeks before expiry, and their at least 6 % OTM with at leat 17% implied vol in the price, and do it on a friday afternoon and get 2 days of time decay free (debatable)
I'm sorry but this is complete BS
Do guys know how to price an option? u may think downside risk on puts is finite as opposed to calls, but Implied volatility, the major variant in options pricing has no limit !
his site, worth a read each morning.
http://www.futurestradingschool.com/technical/psycho/psycho.htm
Just as well I hedged with those Dax multiples, she's just come back into line :cool: