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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (3049)	11/26/2001 10:19:20 AM
From: Saul Seinberg	Read Replies (1) \| Respond to of 5205

Dale, Questions from a CC beginner: 1) Will your own broker exercise against you if there is some margin left prior to expiration? If so, when is this usually done? 2) If the option is $0.75 ITM, then it seems the writer would have to buy back the options they're short, if they want to totally avoid a call from their broker. Is this a problem for the CC writer because the broker can still make a profit due to their very low or no commission costs or is another factor involved? and 3) Is this topic of protecting yourself against your own broker and the ITM difference at which brokers will call addressed in any of the current option books or on an option web site? Thanks in advance for your help. Saul...