### Comment:
Gotcha. I've been doing mostly the same thing, writing calls for premium, but I'm at a loss of what to do when things go southward. Buying longer dated puts seems like the appropriate hedge but it seriously dampens the gains from the weekly calls.

### REPLY:
I mean, selling calls will recoup some losses and lower your cost basis but yeah, that's just one of the risks with selling covered calls, the underlying falling more than you want. As well as the underlying rocketing and missing out on gains.  Better than shit expiring worthless though

### END.