Realty Income Covered Call Trade

Asset: Realty Income (O)
Time frame: 4 Hr
Strategy:
Selling the July 16 Covered Calls at 70.
This gives me an extra $45 in income this month if the option expires worthless, which based on my analysis with Maverick Indicators, looks like it will.
Granted, I do own 100 shares of the stock to begin with, and my cost basis is well below the current price of $67.80 per share.
Realty income does pay a nice monthly dividend, so if my 100 shares do get called away at $70, there's a good chance I will look to buy some back at a lower price, and do this strategy again.
Rinse and repeat
Selling covered calls to generate weekly / monthly income.