I have been using a similar strategy. All of my holdngs are in a Roth or regular IRA. I am using laddered calls and hoping to keep rolling them to later expirations, though I do have Jan14 and Jan15 calls. I have been taking Joe's advice and exchanging deep in the money calls for higher strikes, sometime doubling the share count. You may want to do the math on those Jan15 $2 calls and roll them into a higher strike price either to increase your share count and leverage and/or take some money off the table. I have also been selling short dated out of the money covered calls figuring that if the stock soars I won't be too upset to have to sell some shares.