I've been having good luck with the new weeklies for covered calls. For example: at the close today (Tues) you could buy AAPL at 264 and sell a 260 strike that expires Friday for 5. Net debit of 259. If called you make 1/259 in 3 days, or 47% annualized. If not called then I'm happy to own AAPL at 259 and would sell a 260 strike for the following week.
MikeS
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