If you already own 100 shares
Income call
For income on GEV you already hold: sell the Sep 25 $1005 call and take $335 now. If GEV climbs to $1005 by Sep 25, your 100 shares are sold at $1005, so only do it if you're happy selling there.
If it climbs past $1005 your 100 shares are sold at $1005 and you keep the $335. That is the trade working, not a loss.
The call order
ActionSell to open
ContractGEV Sep 25 $1005 call
You get$335 (limit about $3.35)
If it climbsYour 100 shares sell at $1005
Close earlyBuy back at about $2.68 ($268)
Chance your shares are soldabout 14 in 100
After removing the trend-20% a year