Psychology behind covered calls

I've noticed a very common habit with a lot of posters avoiding covered calls because they run the math. Say they have a $40 stock. They are scared of it being called away. Here's why that's the wrong way to look at it

If you have that 40 dollar stock, there is one school of thought that says sell your $45 call with very little time. Theta decays the fastest in the last 30 days. Everyone knows this. The problem is your likelihood of getting hit along with not taking in that much money are both higher. This is a very good strategy for a stock you're looking to exit however. Moving on. If you have a $40 stock, we'll use Western digital for example today. Trading 43. The January 2025 $65 call will fill at $2.05. you just created a 5% dividend on that stock but more importantly it keeps you in the trade. It prevents you from taking a cyclical asset like this and selling it when it pops 10%. Don't get me wrong there's nothing wrong with a quick 10% trade, but if you want to stay in a stock until you make some real money. Selling a covered call with a year of time on it forces you to do so and it builds your own dividend.

Thank you for coming to my TED talk