How do I enter a covered call trade?

1. Log in to your account, go to the Invest tab, and select your self-directed account.
2. Tap the magnifying glass to search for a stock or ETF.
3. On the stock or ETF detail page, tap Trade, then select Trade options to view available contracts.
4. Tap Sell on the call option contract you want to trade.

Note: You must own at least 100 shares per contract and be approved for options trading. If you don’t, you may see a warning and be unable to submit the order.

Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire amount invested in a short period of time. Before an investor begins trading options they should familiarize themselves with the Options Disclosure Document. Tax considerations with options transactions are unique, investors should consult with their tax advisor to understand the impact to their taxes.