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If I do a covered call, if it's going to be close and I don't want to get rid of the stock, I'll buy back the call or roll it whichever makes more sense to me.

My brokerage has a rule that they will exercise any option that is in the money even if it's $0.01. So anything that is close on the Friday expiration I either close it or roll it. I've been burned a couple of times where I didn't think it would reach my strike price and there is a spike in the last 30 minutes.

horb
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