IB covered call question

Discussion in 'Options' started by magicz, Mar 21, 2007.

  1. magicz


    Does anyone know first hand how IB handle covered calls?

    do they do it right? like in calling your shares away instead of buying new shares.

    if you have the answer thanks.
  2. They will call away your shares.

    I've done this from the short side (I'm long an ITM call and want to lock in a profit, so I short the stock and exercise).
  3. magicz


    Thanks. Just making sure its been awhile since I use my IB account.