My friend convinced me to sell my first covered call expiring February 21st and I’m having second thoughts. I bought 100 shares of a stock (intel), I sold a covered call (Sell to Open, Strike: $24, Quantity 1, Order type: market, type: cash).
The stock is currently at $23.60 and I’m afraid it’s not going to get to $24 by Friday. How can I get out of this position and limit my losses?
Do I buy to close at strike $24? Order type: market?