If you wanted to sell covered calls, you would have to own at least 100 shares of the company to write one contract.

Options trading can always be an option depending on what you are trying to do. In your case, writing covered calls would be a way to hedge your current position.

For example, if you had ABC stock, and you thought, "shit, I don't want to sell my position, but I think that it will go down." You would write a covered call. The person that buys the contract from you will pay you whatever the contract is worth and you get to keep that premium no matter what happens to your stock.

Best case scenario- You keep the premium and the stock goes down. The buyer's contract expires worthless and you get to write another covered call to collect premium again.

Worst case- ABC stock goes up and you are 'assigned' which means that you have to let go of your stock at the price of the option. So if you have a stock that is at $5 and you sold $5.50 covered calls and then the stock shoots up to $9, you would get assigned and you would have to let go of the shares @$5.50 rather than the current market price of $9.

Hope this shit makes sense. You can't do it on RH yet, but hopefully options trading comes sooner rather than later. Good luck!