Hello, I am new to options trading and have been doing it for 2 weeks. I have sold a put got assigned the shares and am now selling covered calls on it. My question is this: if I sell a deep in the money call 4 weeks out and get a nice premium for it, can I wait 2 1/2 weeks for theta to eat away the premium and then roll my call up and out to pocket the premium? For example AAL stock was bought at $10.00. If I do a covered call at $7.00 with a premium of 2.85 and a close date 4 weeks out, then wait 3 weeks and roll it, I would have about $210 in premium from time decay then I can roll it up to a strike price of $11.00 and have to give back $75 in premium plus the cost to open a new position and then get to keep the left over premium? Thanks for any helpful comments.