strategy
Covered call
Long 100 shares + short 1 call — an income strategy on an existing position.
A covered call combines a long stock position (100 shares per contract) with a short call option at a chosen strike. You collect premium upfront in exchange for capping your upside at the strike. It's one of the most popular retail options strategies because the risk profile is equivalent to owning the stock alone, minus some upside, plus some premium.