I use a "Covered Call Inventory & Decay Tracker" that basically acts as my flight dashboard. Every morning, I ask three questions:
- Do I have "Idle Inventory"? (Stocks I own that are currently not covered by a call).
- Is my "Decay" on track? (Checking the expiry dates and theta to see if the position is performing as expected).
- Is the market overextended? (Checking for overbought signals to see if it’s a high-probability time to sell).
If nothing is flashing on my tracker, I go about my day. It prevents me from "over-trading" or forcing a play when the premium isn't there.
What does your "boring" routine look like? I'm curious if others are using a similar "inventory" mindset.
My "Boring" daily routine for managing short call assets
byu/Solid-Strawberry-333 inoptions
Posted by Solid-Strawberry-333