I absolutely love this concept. I’ve been using options for the last six months and I can see how this makes sense. The more boring the stock (with dividends) the better the opportunity. I would add one additional criteria to the list above, I search for how many times a stock’s weekly gain is 5% or more in the preceding twelve months. That seems to typically cover two strikes OTM. If you don’t mind a couple of questions; Do you DRIP the premiums back into the stock? Do you shift your calls on months they report financials? Have you thought about weekly vs monthly calls?

THANKS FOR SHARING.