If you already own 100 shares
Income call
For income on VRT you already hold: sell the Sep 25 $265 call and take $190 now. If VRT climbs to $265 by Sep 25, your 100 shares are sold at $265, so only do it if you're happy selling there.
If it climbs past $265 your 100 shares are sold at $265 and you keep the $190. That is the trade working, not a loss.
The call order
ActionSell to open
ContractVRT Sep 25 $265 call
You get$190 (limit about $1.90)
If it climbsYour 100 shares sell at $265
Chance your shares are soldabout 19 in 100
After removing the trend-8% a year