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I own the stock, how do I enter a Covered Call trade?

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BySupport Team
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When you already own the stock, but want to enter a Covered Call position, follow the following steps:

1. From the Positions Tab, click “Close”

Positions tab showing 100 shares of MSFT with a gain of 2,195.50 (+26.19%); the Close button on the position row is highlighted
Click the position’s Close button to create an Order Ticket.

2. Add Call Leg (you’ll adjust this later) & Delete Sell Stock entry line:

Order Ticket for MSFT with two legs: Sell 100 shares of stock and Buy to Open one Dec 28 106 Call; the X beside the stock leg and the +Call button are highlighted
Click the X to remove the ‘Sell’ stock entry, and +Call to add a call leg to the ticket.

3. Change Action to Sell CC. Make any other adjustments to this Order Ticket, click “Review” to check for accuracy, then “Submit“.

Order Ticket with the Action dropdown open on the call leg: Buy to Open, Sell to Open, Buy to Close, Sell to Close, and Sell CC, with Sell CC highlighted

4. After the Order executes, it will show up in the Positions Tab as follows:

Positions tab with the covered call shown as one combined MSFT position: short one Dec 28 106 Call against 100 shares of stock