RE:Understanding Call Option SellingThe only downside would be if you see a dramatic jump in the stock. If you had sold $6 covered call options and watched BTE jump 85 cents in two days you would be out of luck and miss all that upside. I think you will win on this trade and add additional revenue because $7 by Friday is a real long shot. The more shares you do this with the grater the risk. But not a bad strategy if you are looking to make some extra. Timing is difficult and Inoost a fortune buying naked calls that never met the strike price.