Cousin Calvin

Two Citigroup Income Generating Option Strategies

Marco I am on board with your strategies, I too have sold puts on C, but further out than August.
The problem I have with your thinking here is that you are writing about an income strategy.
In my way of thinking, when you sell calls and puts you have only opened a position. You do not generate any "income" until the position is closed or traded, premiums are kept and the original capital is intact, (in the case of buy/write). Rolling calls and puts forward is a pull back from the original position, at a loss, and living to fight another day. Nothing wrong about that escape hatch, I have used it more than once but it is not generating income.