We do at times use covered calls to generate income into the portfolio and on only certain securities, to protect from perhaps what we believe may be some short term downside pressure. We will be ramping the covered call recommendations up more in the future.
Keep in mind that in order to sell a covered call on any position, you have to hold at least 100 shares of that position (that's a lot and requires a big EGOER Wealth portfolio.). Because many of our subscribers are wisely using our portfolio as just a portion of their overall investment holdings, this may be difficult for many as each covered call option sold represents 100 shares of the underlying security. So we don't want to send recommendations that many of our subscribers just may not be in a position to effectuate.