I have a small stock portfolio with a full service broker. I approached him about writing some covered calls to generate income, he advised against it. But I am still interested to do it, maybe with my IB account? Is this possible? Can I write calls on stock held with another firm? Any suggestions if/how I should go about writing my first covered call? Been doing some reading about options, quite a lot of info. Since the stock in question has sold off quite a bit, I was thinking about selling some puts, with the strike below the next support level. Suggestions? Thanks.