How to Sell Covered Calls on Robinhood

Robinhood makes selling covered calls simple. Here's how to do it.

Requirements

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  • Robinhood account
  • Options trading enabled
  • Own 100+ shares of stock

    • Step-by-Step (Mobile App)

    Step 1: Open Stock Page

  • Search for stock you own
  • Tap on the stock
  • Tap "Trade" button
  • Select "Trade Options"

    • Step 2: Select Strategy

  • Tap "Sell" at top
  • Robinhood shows "Covered Call" if you own shares

    • Step 3: Choose Option

  • Select expiration date
  • Choose strike price
  • Review premium

    • Step 4: Place Order

  • Set limit price
  • Review order
  • Swipe to submit

    • Robinhood Limitations

  • No rolling - Must close and reopen separately
  • Limited analysis - No Greeks or P/L diagrams
  • No spreads - Can't do complex strategies
  • Mobile focus - Web version less featured

    • Tips for Robinhood Users

  • Use OptionsPilot for analysis
  • Check bid-ask spreads
  • Don't accept first fill—negotiate
  • Consider upgrading to another broker for advanced features