can someone please tell how to sell covererd call and close ...

104472185 : I'm also a retail investor this stock can go further, I bought it at 29.83 when it pullback I will add my position

10baggerbamm : the first thing you need is round lots of stock if you have anything less than 100 shares you're not able to sell covered calls. and then every sequential amount of shares has to be in round lots also so 100 200 300 a thousand two thousand that type of thing.
every contract is equal to 100 shares

so if you have 200 shares you would sell two contracts
the next thing that you need to understand is there's a designated time and price that you would select and exchange for giving somebody the option for purchasing your stock in the future and typically it is on expiration date is when it would be called away and assigned to the buyer if they exercise the options and if you're deep in the money then you would obviously do that.

10baggerbamm : pt 2
so in the future at a designated time and price you give somebody the ability to buy your stock in exchange for that they pay you a premium and the premium trades with a bid and an offer just like a stock.. sometimes these premiums are very large they could be 100% difference between the bid and offer when you're very far out of the money into the future either above or below the current strike price the current price of the stock.. so just like a stock you would not want to buy it on the offer and sell it on the bid you can place a limit order in between the spread and typically depending upon the company that you are using to put in your orders it must be in 5 cent increments on lower price option contracts less than a dollar when you get above the dollar then you could go up you know if it's a $5 contract $2 you can go up in a penny increment.

10baggerbamm : pt 3
the option premium has several factors that affect its price
the time value is one and every day every second there's a gradual decay of time and as you approach expiration the value of that contract is declining because the time from when you initiated that option until expiration date is subsiding

then you have a volatility premium for example if you were to sell a covered call on Verizon and go out a month at a dollar higher than the current price there's not a lot of money to be made because it's not that volatile of a stock it's not a high beta stock

10baggerbamm : pt 4
the stock that you're going to be selling a call again has a lot of whipsaw movement it can trade through the course of a week several dollars up or down then there's a lot more volatility premium built into that contract meaning you're going to collect a lot more money because of the potential for to move up and through that strike price.
as the days go by towards expiration date that volatility premium also will gradually subside because there's less time left and the volatility gradually is diminished it's like betting on a stock that's going to go up $1.50 in one day probably wouldn't happen but if he had 2 months yeah I probably could go up 1
to bucks over 2 month..

10baggerbamm : pt 5
now let's suppose you sell a covered call and the stock does move up on amazing news and you're like shit I made a mistake I really want to just own this stock and not lose it what do you do well you would have to go out and close out your option contract you would go out and buy them back and the price that you pay less the price that you received will determine if you profited or made a loss. I sell covered calls all the time I sell naked puts all of the time and it does generate over time quite a bit of extra money from a total return standpoint.. it's a lot better than just sitting in a stock waiting for it to move and does nothing.. understand now the palantir has really come on the radar of a lot of people with a deal with Microsoft there's more call premium to be had number one number two there's also a greater chance you're going to lose the stock so if you're investing for 2 years 3 years 4 years down the road and you're going to be upset if it's called away cuz you're going to have to buy it back at a higher price don't sell calls against the stock just be a patient investor and get rewarded through karps ability to see the future and execute exceptionally well.. and I speak from firsthand experience I've written calls and I've lost the stock it created a massive tax problem it sucks and then you got to convince yourself to buy it back at a higher price which is a real kick in the ass because even with the premium you received you're paying more for the stock and there's just something about buying something back at a higher price that for me anyways it doesn't sit well.. so that's covered call writing in a very long winded explanation for you.

103686177 OP : Oh! Thank u so much for your help and explanation. I got so much from your explanation. Thank you bro!