I keep talking about making extra income with covered calls and it never occurred to me to tell you how. Sorry!
If you use TDAmeritrade, use the "Trade Architect" which you access under the "Trading Tools" tab. About the middle of the TA screen you will see a tab that is labelled "Option Chain". Click on that. The resulting screen will open to the current week. Today there is only one day left so you would only get 2 cents for the $34 option. Forget that and open next week by clicking the arrow. The $34 is now worth 10 cents. You can click on the bid price and an order will be opened which you can complete by clicking on the review order and then the place order. However, I would wait until tomorrow morning when the price of the stock will be up again and you will get a much better price for the options you sell. If you want to take less risk of your stock being sold, choose a higher strike price. If your stock is ever sold out from under you, just wait until the stock price drops back and buy it again. It will almost always drop back. 90 % of the time the options you sold will expire worthless on Friday and you can do it all over again on Monday. Please note that where you place your option strike price depends are where you think the price won't go during the week. The buyer of your options can execute the option any time they want.
You are just about right. I am getting ready to sell my six bedroom, three bath house that has been rented out for three years, It is costing nearly $40,000 to get it in shape to sell. My trading account has really suffered but I will be back big time after the sale.
OK so you are a nobody; but somebody posted and asked me how to do it so somebody is interested. I thought there might be others who might be interested in an extra hundred or two per week. Of course you Democrats that deal in trillions are not interested.