No. Selling a covered call means you own the stock. You sell a call at a strike price above the current price. If the stock hits that price, then you're either forced to sell the stock or buy the call back. It's good to use when the market is consolidating or going sideways.
For SNAP, I started with $20 puts. As it dropped in price, they were worth more than I paid. I sold them and went to $17 strike. Later, I sold those for $15 strike. Then right before earnings I took the profits and did a $14/13 put spread. It was $0.58 but a max payout of $1. That way I was only risking my profits, but could still make a good percent gain on the profits.
There's another variation of covered call where you own a long-term call and sell short-term calls against it. It gets you better leverage than the traditional covered call, since the long-dated options tie up less money. I have some January calls that are deep enough in the money the time value is near zero. The price of the option is much cheaper than the shares of stock. I sell shorter term calls against them.