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I had a jul15 $39 covered call called in 2days ago and was just wondering if this is possible. I was under the impression that a covered call was not exercised until I rolled it early or it was assigned at experation, so is this possible or do I have to start making phone calls to Scottrade?
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My understanding is that an American-style option may be called at any time up until expiration.

European-style has a set period during which it may be called.

My experience is limited, however.

Hue
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Thanks Hue, I just never had an option called in early no matter how in or out of the money it was.
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