[DesertCat]

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For the long term investor you are losing upside a while lowering variance

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Not neccessarily, there are plenty of uses and strategies for longer terms but you are closed minded enough that I'm willing to drop this conversation completely.

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If you have something to add to the conversation, by all means go ahead. I'm not close minded so you don't have to take your (base)ball and just go home. Our conversation has been so far

Me: covered calls didn't work out so well in August for APPL holders.

You: They made $9!

Me: Buy and holders would have made more.

You: OMG how dare you point that out. I know so much more than you but instead of educating everyone I'm just going to stamp my feet and go away!

Sounds silly doesn't it? So lets start over, what have I missed? How do covered calls generate excess after tax returns over just buying and holding the stock for long term investors?