hum... I don't think so, you sold your potato, and someone got it... you have no obligation anymore, coz' you don't have the contract. Don't quote me on this topic... I don't think I know more than you LOL.
bbgold....I am no expert either and that is why I started this thread,but tht sounds about right....Here is an example...hope it helps. Investor owns 1000 shares of Stock x @ $55 a share
write 10 covered calls strike price of $60 collect premieum of $750 If stock price rises to 60$ buy 10 calls to cancel obligation and prevent losing stocks
This is called writing a covered call
good luck and do your own DD for sure on this stuff....Not a recommendation here by any means to trade options...
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