$AAPL Options Action trade alternative

3 Jan Options Action show has Mike essentially selling a covered call on stock you own. here is the clip AAPL clip

Selling the Feb 315 call for $6.00 stock at 298-300ish

what mike is saying is all correct. where I differ in strategy is that this call expires in 47 days. so you will have time decay during that period. BUT earnings are on Jan28 and as we all know IV increases into earnings mainly on the weekly options of that earnings week and not as much for the time periods after it. point being the increase in IV (the price) of this call will offset much of the time decay. as in you are not getting much decay between now and Jan 28 if stock is sideways

I would prefer to sell the Jan24 short call either 315 or 312.50 to get $1-$2. get some premium and or allow the stock to work higher, THEN sell another short call for the Jan31 opex based on where the stock is at the time. Mike went to a 30delta on this one so go with that as well. THEN sell something in Feb.

bottom line I feel like im not getting the decay in selling a Feb option right now. both will work im sure but I want to take advantage of the IV increase on that Jan 31 options. selling a Feb now feels like im leaving money on the table for 2months.

for the purpose of this alternative against long stock:

Sell the Jan 24 312.50 for $2.00 (midpoint price after hours) 20delta, 19days till opex