Thats right, selling call option can leave you open to being...

Thats right, selling call option can leave you open to being exercised, and missing out on blue sky, but depends what purpose you trade for, mine is to generate income and I am generating over 50k pa and showing accumilated capiltal gain between 70 and 100 k, so the annual income from option premium plus the small bit from divs and franking credits suits me fine.
I tend to write 2 to 3 months out and roll in the later period, this gives me good downside protection, but with a bit less
premium . So be it if the share price moves above the strike price, just buy back and roll out level selling time premium ,or up, but paying to roll up over all has its faults , just watch divy ex dates to safeguard against exercising.

Cheers Mattocks