Tasty Trade is good.

Covered calls are really simple. Option contracts are 100 shares. You can do weekly expirations and monthly expirations. You pick a stock you like, buy 100 shares and then you can sell calls against your shares.

Example:

Stock XYZ you buy for 100$ and sell 120 calls against it. Calls sell for .40cents and expire in 8 days. You collect 40 dollars and if the stock is below 120 on expiration you keep the 40 and the stock and then rinse and repeat. If the stock closes above 120 then the option buyer has the right to call the stock away and pays you 120 per share. You made 20 per share and keep the collected premium. You could lose money on the stock but you can't lose money on the option. The option premium acts as a small hedge as you can lose on the stock as long as it is less than the premium. The premium has the effect of lowering your cost basis.

This is a Buffet play, he sells a lot of calls against his positions. I have sold calls against my positions in my self directed IRA for decades and it juices the returns without increasing risk or using up capital.


Edit: Almost forgot. This is not trade advice or a solicitation. Seek advice from a qualified investment advisor. Past performance is not a guarantee of future gains. There is risk in trading levered products and only trade with risk capital. ETC. ETC. ETC.