Yes, the biggest advantage of Deep In The Money Covered Calls is PROTECTION! Because Deep In The Money Call Options with delta value of almost 1 are written, these short call options move dollar for dollar against the movement in the stock, thus immunizing it against any directional risk.s you can see from above, the maximum profit potential for a regular covered call is way higher than the maximum profit potential of the Deep In The Money Covered Call due to the room given for the stock to appreciate in value as well as the much much higher extrinsic value of the out of the money call options.