Fidelity Real Estate Investment ETF (FPRO) Covered Calls

Running FPRO covered calls helps you generate income from Fidelity Real Estate Investment ETF shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best FPRO covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If FPRO stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling FPRO covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given FPRO covered call is worth writing.

Seeks above-average income and long-term capital growth consistent with reasonable investment risk, and offers exposure to key real estate themes.