Jermaynew,
The way it works is that if at the time of exercise the underlying equity is within the strike value less the dividend plus franking then you will most likely be assigned. You will then have to pay up $1040 plus per contract. On your plan a $32 written call is probable out of range of the closing price of $30.20, but only just. You have to realise that an assignment can and probably take place after the bell and you won't have time time to replace the shares you have just short sold with some that are still cum dividend. my advice is to sit on your hands and look at you strategy on Monday when you will have the value of the underlying security to worry about
Sorry my response is delayed, but I have only got back from lunch.
any views about writing calls tomorrow, page-24
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Last
$127.10 |
Change
-0.760(0.59%) |
Mkt cap ! $212.7B | |||
| Open | High | Low | Value | Volume |
| $127.58 | $127.85 | $126.65 | $137.4M | 1.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7235 | $127.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.11 | 5658 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |