Got it — you’re asking about rolling up a covered call at Fidelity.
Fidelity lets you enter a “roll” order directly:
• Go to Options Trading.
• Choose Rollout/Rollup (you may see “Roll Covered Call” if you right-click the position in Active Trader Pro).
• Fidelity will automatically set it up as a spread order: Buy to Close your existing call + Sell to Open a new higher-strike call.
• Adjust strikes/expirations, preview, and send.
Key points to remember:
• A roll up = same expiration, higher strike.
• A roll out = later expiration, same strike.
• A roll up and out = both higher strike and later expiration.
• Since it’s covered, you must continue to own at least 100 shares per call sold.
