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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: hpeace who wrote (2021)5/3/1997 2:30:00 PM
From: Joe Pirate   of 14162
 
To All:

I have a question regarding covered calls. If I buy 1000 shares
of XYZ at $20 and sell 10 contracts of July 25 calls for $3 premium, how do I close out my obligation as a call writer BEFORE the July
expiration ? Can I buy 10 contracts of July 25 calls at a later date (for whatever reason) if the premium price declines to close out my transaction early ?

Thanks for your help,

Joe
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