why do people recommend covered calls.

[Norman_Shey]

Quote from l2tradr:

Put writers can't vote.

And when was the last time that the shares you voted made a difference?

 

[l2tradr]

Quote from Norman_Shey:

And when was the last time that the shares you voted made a difference?

I didn't say I do. But that can be an issue for some people, especially ones with a significant number of shares. It's a legitimate answer, some people may choose to do buy-writes instead of writing cash secured puts in order to maintain voting rights.

 

[KINGOFSHORTS]

Quote from traderlux:

http://74.125.95.132/search?q=cache...ed+call+vs+short+put&cd=4&hl=en&ct=clnk&gl=us

Covered call vs. naked put dilemma

The real difference between the covered calls and the naked puts is the different risk-management style. Specifically we must consider the assignment (including early assignment) management and managing the gap-down risk.

Sell a bunch of naked calls and use the premium to close out the short puts Bada Bing! done!