Covered call premiums to complement the dividend.

Did you ever hear an investor saying, "although my stock is getting beat up, at least I'm being paid its dividend as I hold it, waiting for it to recover?" I'm applying that rationale to my recent IRA investment in SPY, the ETF that holds the stocks of the S&P 500.  Via a put assignment on 10/19/18, I paid $288.05 a share (strike price minus the sold put's premium).  SPY closed today at $263.69.  When I sold the put, I knew that SPY was high, but I try not to guess its direction.  I just want to own it, because I need equity allocation.  And I'm not going to sell it at this low price.  At least I'm being paid its dividend as I hold it, waiting for it to recover.  Its dividend's current yield is around 1.9%, which amounts to about $5 a year, or 42 cents a month (it pays quarterly).  To be honest, the dividend is hardly great consolation versus my nearly $25 loss.  But, applying my consistent option selling strategy, I've also sold covered calls against my SPY since 10/19/18.  On 10/22/18, with SPY already down to $275.26, I sold the 11/16/18, $280.50 call & received a $2.33 premium.  As the October debacle continued, with SPY trading at $264.97 today, I applied a covered call roll strategy to my SPY position.  I like calling it a repair strategy, & more appropriately so.  I was able to buy back the 11/16/18, $280.50 call (which I sold on 10/22/18 for $2.33) for a $0.51 premium & I immediately sold the 11/16/18, $273.50 call for a $1.93 premium.  I earned a $1.42 premium credit with my SPY repair strategy.  In covered call premiums, I've garnered $3.75, which is 1.3% of my $288.05 net cost for SPY.  If I don't earn any more covered call premiums on my SPY through 11/16/18, my annualized premium yield is over 15% (1.3% X 12 months).  That's a nice complement to the SPY dividend's 1.9% current yield!  (Suppose SPY exceeds $273.50 in advance of the 11/16/18 close; any ideas?)