The Covered Calls Farm
Planting and Harvesting Covered Calls for Fun and Profit using a Farming Strategy
Storm Damage: Don't take immediate action until call expires
A possible action when your shares fall is to hold and wait until the covered call expires. You are ok as long as the shares don't fall below the discounted price of the shares (purchase price less covered call premium). Even if the shares don't fall below the discount price you will most likely not make much, if any, money on the transactions.
MORE TO COME: NOT FINAL