ETF Covered Calls 08-29-08

Only 21 more days till September Expiry!  I’ve been eying UYG and salivating at the chance of some great easy profits but I wanted to wait until September to pull the trigger.  We’ll see what happens next week.

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2 Responses to ETF Covered Calls 08-29-08

  1. Eric says:

    Once you sell a covered call, can you get called at any time up until the expiration date? Or can you get called only on the day of expiration? Thanks.

  2. RichSlick says:

    In US market, you can get called anytime up to expiry. Typically, it’s rare you’ll be called before expiry but it occasionally happens.

    In UK market, you can only exercise/call during expiry.

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