No. of Recommendations: 0
The message you're trying to access has been removed from the boards. The most likely reason for this is that the message violated our Fool's Rules about appropriate content. Either that or it was swallowed up by intergalactic space beasts from the planet Xeenu.

Please check out The Motley Fool's Terms and Conditions of Service.




Print the post Back To Top
No. of Recommendations: 0
Mike,
I don't know what price you paid for the shares, but if you sell $7.50 calls you will be called away at any price of $7.50 or more at expiration in December. I didn't understand the reference to $8.30 per share.
Print the post Back To Top
No. of Recommendations: 0
Sorry, offline a while.
If the stock closes at 7.50 you will get 7.50.
You already received the .80 when you sold the call.
If it closes at 8.30 you will get 7.50.
That's what you sold the call for. The buyer of the call will pay you 7.50 and you'll lose the sahres you offered for the .80.
Yo will lose any profit from 7.50 to 8.30. That will belong to the call purchaser.
Print the post Back To Top
Advertisement