More SPY weeklies while Schwab plays catch-up

When SPY dropped to 111 this morning I started feeling better about writing some calls.  All my weekly options from last week were assigned and I was not unhappy about being in cash earlier this week.   I bought SPY at 111.07 and wrote SPY 111 calls at .85 —they expire Friday.  My breakeven point is 110.22 and my best case profit is .78 per share  which is 0.7% on my investment.

I called the Schwab options desk recently (877-673-7959) and they said that they do plan to offer weekly options, but not for a while.   The person I talked to said it would probably be a month or two.