If you own a covered call, and the stock/ETF goes down, then you say: Nah, it doesn't matter I'm owning this stock for the long run. Meanwhile I kept 100% of the option premium.
If you buy the stock at 50, take in a buck from call premium and it drops to 40, how is that psychologically better than selling a put for a buck, buying the stock for 50 and it dropping to 40?
$9 down is $9 down
