By selling covered calls, we are lowering our cost basis, thereby enhancing the chances of success substantially. The collar strategy, which involves buying stock, selling covered calls and buying an equivalent amount of puts, is even more defensive as it caps downside risk completely. Just like with ordinary covered-call writing trades, we must be prepared to undertake action if the trade starts turning positive direction. We've already developed several calculators for this strategy, but have now created the user guide with detailed explanations as to what you should do when utilizing the spreadsheets.
You can find the PDF document on the "Pricing" page, so feel free to use it and become a premium member of the OG community!