Has anybody used or followed Options Buddy ? I came across this website which has covered call recomendations ranked by ROI. Some of the call premiums are quite impressive and I assume a high premium is a positive (at least short term) for the underlying. T.I.A.
The problem with a lot of those options is that they are thinly traded so if you want to get out right away, you can take a very serious hit. You need to look at the open interest as well and also compare the bid and ask prices (during the trading day, not after hours). More liquid options will have bid and ask prices that are very closely spaced. For an example of this, look at the spacing on something like SPY compared to one of the options on options buddy.
I guess if you’re willing to write a call option and hold till expiration, you might make money - or you might not - sorta like everything else in the market.