I make thousands

I make thousands of dollars per week selling covered calls for income. But a lot of people have been wondering, why do I sell weekly covered calls and not monthly covered calls? COVERED CALLS: WEEKLY OR MONTHLY? First of all, my covered call strategy is entirely income based. This is my job. This is my income. Selling covered calls. I'm not selling covered calls usually on long-term investments that I believe in and I want to hold for 20 or 30 years. And then if they get called away, I'm like, oh no, my shares, what am I gonna do? I want them to get freed up every week. To get assigned. My money back from the purchase of the stock. And then I can either buy that same stock next week, sell a cash secured put, make other trades or other investments. Here's an example. XYZ is $100 per share. I buy 100 shares, cost me $10,000. And I sell a $101 strike price that expires in one week. Usually it'll expire, you know, on Friday. Because the premium that I get paid is $200. I keep that $200 regardless. No matter what happens, that $200 is mine. Don't forget that I bought at 100 and sell at 101 if it gets assigned. It closes over 101 on Friday. Yes, you can be assigned before expiration but it's rare. That profit too. If it doesn't get assigned that Friday expiration, I keep the shares. And another one the following week. This is potential extra income. We'll talk about that in a second. Now let's take a look at XYZ if I sell the monthly expiration. So I buy it at $100 and the premium is $700. But it expires in 30 days. So, higher income for a monthly lump sum? If I'm consistently trading it, and if the premium remains roughly the same, I can make $200 per week. That is $800. But I have to sell the contract every single Monday. If it gets assigned, I have to repurchase. It's a little bit of work. So with this, getting your $700 dollar premium upfront. You don't have to buy the stock. Sell the contract, it gets assigned, buy it back. To work every do this. With this option, it's just once a month. The downside is you make a little less. But you get it up front. Somebody said, I heard that selling monthly is better than selling weekly. So: Would you rather sell weekly for higher income or monthly for a larger upfront lump sum payment? By the way, are getting assigned every single week, you're maybe making an extra $400 per month here, whereas here you don't have that option if you're only selling one contract that expires in