Roberto Machado Noa/LightRocket via Getty Images On our last coverage of BCE Inc. (NYSE:BCE) (TSX:BCE:CA), we gave it a buy rating, recognizing the relative valuation of this telecom play compared to both TELUS Corporation (T:CA) and Rogers Communications Inc. (RCI.B:CA). At the same time, we refused a direct entry and opted for a covered call as part of our recommendation. We specifically identified the $55 covered calls as a superior investment to a straight buy. While we will get rate cuts in a recession ...