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Because far more options players would rather write a call then buy one. Most spreads are done for the credit you get from selling one.

If the extrinsic value of your covered call is less then the amount of the dividend then someone could take your shares from you to get the dividend - they make the difference between your EXT and the dividend (but I don't understand why they don't just buy the shares with no EXT premium and...

Just fyi - the standard approach in this situation is to roll the side that where the underlying moved away closer to the new price and collect some credit. As for the ITM, the recommendation is to roll (technically close the trade and open the same position) to a later month and also collect...

Good point and true

I believe the acceleration you see in the last few DTE is Gamma - the rate of change in Delta. Delta is pretty steady 45-21 DTE (and Gamma is 1), but as you get closer to expiration Gamma starts to pick up and can be five times higher on the day of expiration ( Gamma: 5) because the options...