If you already own 100 shares
Income call
For income on CRCL you already hold: sell the Sep 25 $106 call and take $60 now. If CRCL climbs to $106 by Sep 25, your 100 shares are sold at $106, so only do it if you're happy selling there.
If it climbs past $106 your 100 shares are sold at $106 and you keep the $60. That is the trade working, not a loss.
The call order
ActionSell to open
ContractCRCL Sep 25 $106 call
You get$60 (limit about $0.60)
If it climbsYour 100 shares sell at $106
Close earlyBuy back at about $0.30 ($30)
Chance your shares are soldabout 14 in 100
After removing the trend-130% a year