writing covered calls

Hi all, I have heard that you can write deep in the money covered calls over long cfd's positions by setting a guaranteed stop loss at the break even point. Example, Buy XYZ at $105, write deep in the money call at strike of $100 for $7.50 premium. Set guaranteed stop loss at $97.50. If...

Also called buy/write and share renting. Basically, a friend of mine has begun "share renting" shares from Australia but on the NYSE in the USA. He does it through people called Sharelord or something like that, through a Jamie McIntyre course that he did. I haven't seen any of his accounts...