Dipping a toe into Small Cap Buy-Writes

I bailed out of some small cap mutual funds that my broker had me in and switched over to a buy-write on IWM (Russell 2000). Volume on both the ETF and the options looks good (strikes at every dollar) , with bid/ask spreads of 1 cent and 1 dollar respectively. Bought IWM at 54.30, sold Aug 54 calls (IWMHB) at 1.82 for a net debit of 52.48.