Using covered call is a fair question. I always want to optimize the circumstances. My $320 calls until this week seemed likely to expire worthless. Not so today. But still 2 weeks to go?
I have had calls get exercised in the past and always been able to buy BRKB back at a lower price shortly thereafter. Stocks do fluctuate.
My initial thought is that I was 75% BRKB. In 2020 as the S&P 500 rallied and when I sold out and moved it too BRKB. Of course I always had a lot of BRKB to begin with, so this increased my concentration.
I am a bit of a wheeler dealer, so selling covered calls forces me to hold on to the stock. Knowing my nature this strategy helps me to stay in my position longer?
Overall, logic tells me that lowering my concentration to near 50% from 75% may be rational. Even 50% may be higher than I desire. Given, markets are fickle, Buffet may pass away, and that I have attained enough wealth to live on. I think I prefer to use the proceeds to add to my T Row price funds. The timing of when to move over the cash and start buying the funds will be tricky.
For know I sit and wait for the next 9 trading days to play-out. Worst case is I wake up in 2 weeks with a whole lot of cash.
I also have covered calls on MSFT & PCG. Those are in the money but falling fast.