So perhaps you remember the red "hot pants" worn by the then highly regulated, extremely thin & unmarried "stewardesses" in 1970!

Personally, I'd rather see you sell the US (uncovered) calls to take advantage of the rather huge premium(s) and also minimize some risk! This is a no brainer if you already own the stock, IMHO! But details on this are for another Usergroup!

From the NY Times Editorial today:

There is a morbid expression that no one ever got rich hauling passengers. Not the railroads. Not the buses. Not the airlines.
http://www.nytimes.com/00/05/25/editorial/25thu2.html