How to Sell Covered Calls?

Own at least 100 shares of the underlying stock per covered call contract

Choose the stock, strike price, and expiration date

Decide whether you want more premium or more upside potential

Select a call option to sell against your shares

Enter a sell-to-open order for the call option

Confirm the contract size, strike, expiration, and premium received

Review the risk that your shares may be called away if the option is exercised

Monitor the position until expiration or closure

Buy back the call option if you want to close the position early

Let the option expire worthless if the stock stays below the strike price

Be prepared to deliver your shares if assigned

Repeat the process if you want to sell another covered call