### Comment:
Yes.  But like I said, they are deep OTM weekly's sold in low volume weeks (think Christmas, Thanksgiving, etc.), that are outside any earnings or other event period.  The margin requirement is often not even effected by writing this second layer of covered calls, because of the short term and deep OTM strike.

### REPLY:
So there’s pretty big risk that you’ll eat shit if the trade doesn’t go your way during the time you hold the naked call.  
  
 Still, sounds like a good play. Nice job figuring it out.

### END.