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REDDIT

Covered Call 101 or even 099

L
Feb 15, 2025 · 00:08

Need help. I clearly don't understand something very basic. I own 500 shares of amc. I sold to open 5 contracts on Monday with a strike price of 3.50 and got premium of $10. Most of the week the amc was above 3.50 included at end of day Friday. So why do I still own my 500 shares of amc?