My understanding is if I bought a stock say 100 shares of JPM and sold a DEC covered call, for IB I would not have to anything if the stock goes above the call price since the stock would be called away. However, lets instead say I bought an in the money Jan JPM call and sold an out of the money DEC JPM call. Lets assume same situation, in that at DEC expiration the stock is higher than the call price I sold for the out of the money call. Will IB automatically sell my Jan in the money call, or do I need to manually close the position, and also close the DEC out of the money call position? Also, is there a name for this type of trade?