question archive You wrote a covered call (i
You wrote a covered call (i
Subject:FinancePrice:2.86 Bought3
You wrote a covered call (i.e., sell a call option on the stock already owned) with a strike price of $30 and an option premium of $2.20. Assume the stock price goes up to $35 a share at the option expiration. As a result, you will:
keep the option premium but lose your shares of stock
los both your stock and option premium
los the option premium but get to keep the stock
lose an amount equal to the option premium
keep both your stock and the option premium
Option 1
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Option 2
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