Covered Call possible assignment part 2?
Hi, again i am Asking this question. Bought shares at 28. 09Sold 25 CALL for $ 2. 542 days to expiration date. Market price 27. 39The holder exercises the option right, and buys the shares at 25 and sells for Them 27. 39. His profit is equal to 2. 39 minus the fees. That’s less Than I have paid for the option and THEREFORE Receive a loss. . . Will Most Likely buyer so close the position and Will not buy shares? The concept of the strategy is to not to sell shares and still keep premium. Thank you for help, sorry for dumb question it’s my first options trade