[Jcrew]

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Some do but as we all know it can be risky. But if I own a stock and have a target where I would like to sell it then why not write the call and (possibly) get some extra return? And if I see an opportunity for something I like (to own) with limited downside (in my mind) and I can buy it and write the call knowing that if I get excersized I made a reasoanble return and in fact my goal why not write the call? And if I can sell calls far enough out where I would be very happy to be called away then why not write the call? And if I want to sell a stock why not write a deep instead and get more return?

All depends on your goal and expectaion.

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Although I completely agree with mrbaseball and everything he has written in this thread, all but one of the stocks I was writing calls against in the past few years blew through the OTM strike price making substantially less money than the buy and hold strategy would have. The money left on the table does cause some mental pain even though the returns are still substantial.