[jrehor]

There are two failure modes of this strategy.

1. New information comes to light, the stock crashes, and you realize you were wrong and the stock is a dog. You no longer want to own it at the strike price. Oops. You effectively bought it above your updated estimate of its worth.

2. The stock keeps rising and rising, you collect the option premium but you could have made a lot more money if you just bought the damn thing outright.

These are more subtle failures than the usual "Oh my God, I blew up my account!" but they're real.

It's perfectly fine to keep doing what you're doing if you're comfortable with this risk. There is no strategy without a downside.