premiums at prices of 5% more than spot, are less than 5% of spot. premium doesn't cover the spread

this renders selling ccalls at 5% more untenable

selling atm ccalls, coz the premium is slightly more than current buy price, gives 2-3 % return  

let's see next month

ccalls gives a 1-2% return and locks up 6-7 lakhs in turn. this makes it less attractive