Why didn't you wait till the stock gained more in dollars...then you could've gotten more premium. Do you believe the stock will move up to 60 by June? I haven't sold any calls on this stock until it moves higher. I like to do two months out, as a general rule, and try not to be called out because of the dividends. Just curious about your method, with all respect.
the only thing i ever have done was to sell covered calls to lower my basis if the spead looks good. if i lose the stock at 60 after paying 50.75 and getting 2.8 for the call i don't care. of course the stock could still go down and i am only limiting my losses