A short call against long stock only earns its place while it is working for you. Before pricing models, floor traders had a fast way to see when that stopped being true. You read the decay path straight off the chain you already have open.
If nothing changes but time, a 39 day call will trade roughly where today's 25 day call trades two weeks from now, and near half its current value in three. Then you ask whether you would still sell it at that price. Education, not a recommendation.
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Chapters
00:00 What a covered call is actually for
00:44 How long to hold the short call
02:31 Reading two weeks ahead on the chain
04:21 Buying it back and selling another
06:09 When the stock runs past your call
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