Ive done many Covered Call Option trades similar to what you...

Ive done many Covered Call Option trades similar to what you discribed, in the past my only downfall is if my stock fell alot in price all I had was the call premium and the dividends to hedge my downside.

I didnt know a privave trader can do covered calls with selling naked Warrants against stock held. I thought a private trader could only do that with Call options ETOs etc.

So Im Intersted in this topc as Ive done naked puts as well, meaning I would have to buy at the strike price if the stock trades below the naked put stike price at expiry.

Generally I would only ever sell a naked put for an expiry just prior to dividend ex date. So if I was assigned on the naked Put, I will soon get the Dividend and also the franking credit. So these factors would have some hedge on the risk.

Chippy