well i used to write spreads but got totally smashed. I did...

well i used to write spreads but got totally smashed. I did start my trading carreer in augest last year, good time hay. Now all i do is write covered calls, was doing really good until oxr poooh itself. Now writting out of the money calls for stuff all, just enough to cover costs.

Would like to here why you think that covered calls are very risky. One would be the place that i'm in now with the sp way lower then when i brought the stock