Covered Call strategy can be very profitable if used in the right way. I have read several articles undermining the potential of Covered Calls by focusing on the aspect that the upside is capped by this strategy. For course that is right, but the authors fail to recognize the fact that Covered Call strategy can provide very high probability of success with high returns. What really matters for any investor is high ROI. Another overlooked aspect about this strategy is that most authors do not advise to sell ITM (In the Money) Covered Calls. Mostly they will advise to sell OTM (Out of Money) strike Calls so that a portion of the profit from the share appreciation till the OTM strike price can be gained + the call premium can be earned if the share price moves beyond the strike price. However, in this strategy, the protection on downside is limited as the Call premium will move down at a much slower pace compared to the reduction in price of shares. My advise is to choose an ITM strike to sell Calls so that the delta of the Call is high. This will help the call premium to go down at a faster rate (about 60% to 70%) of the speed of share price drop. Using a lower strike also results into a high probability of success as the trader earns the premium whether price appreciates, moves sideways or goes down upto the strike price on or before the expiry date