S&P short term cycle swings

[SyndicateTwo]

That's a tough one. That's why I only naked short puts.

Let's see-- you got an excersise notice of a call you were short. You don't have the shares. Because the transaction has to happen, I think you have to buy the stock or you might be able to buy a call option to cover it also. Your broker would then exercise your call as a bull call spread.