@Optionspuppy:I opened $SPYG 20250221 91.0 CALL$ ,Selling a SPYG Covered Call for Steady Premium Income As part of my ongoing strategy to generate income and hedge my portfolio, I recently sold a SPYG covered call with a strike price of $91. Currently, SPYG is trading at $88.30, meaning I have some built-in profit potential if the stock stays below my strike price. More importantly, the premium on this contract is $1.38, and with 45 days to expiration, the theta decay is working in my favor at $0.03 per day. Why This Trade Makes Sense 1. Solid Premium Income đ° â Selling a call at $91 while SPYG trades at $88.30 gives me a good buffer. The premium of $1.38 translates to instant income, reducing my cost basis and providing downside prot