InterDigital Inc (IDCC)

[tnyellowtomcat]

Vegas,

For covered writes. if the writer of the call option fails to buy it back in before the exercise date, then isn't the underlying stock called away from him by the option holder? If a naked write, then doesn't the calling process cause the writer to be short stock?

Bottom line, if someone is long a call option and exercises same, doesn't he always get shares?

Thanks - Tomcat