Can You Sell Covered Calls From a Fidelity 401k Account?

Someone asks:

Can you sell covered calls from a Fidelity 401k account? I have a few stocks I have been holding onto and think I could do a bit better with them if I could sell call options, but my account isn’t set up for it.

Answers:

Daniel W:

I sell covered calls in my Roth IRA but not sure about the 401K. You should call fidelity and see if you can get options approved for your 401K.

Todd A:

Depends on what your employer allows. I’m allowed to self direct my holdings through Schwab but not allowed to trade options.