Personal Investments • Covered Call flow at expiry

Hi

I sold a covered call (at the start of this week), the expires today (i.e. it is now expired)
- Premium $2
- Strike Price $100

finance.yahoo.com shows on the stock ticker details below
- the price was $99.99 at 1 PM PST today.
- the stock price is $100.01 now after market close i.e. at 1.01.01 PM
- I assume the settlement date for options is T+1 i.e. coming Monday ?
what happens to the option suppose the stock price fluctuates anywhere between $100.01 to whatever (> $100.0) by close of next trading day i.e. coming Monday

So what happens to this covered call? will it be exercised (assuming the buyer (covered call buyer) brokerage) will exercise this automatically

Thanks

Statistics: Posted by RetireGood — Fri Apr 26, 2024 4:06 pm — Replies 0 — Views 99

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