Hi, If i sell a call option that expires in the money and i hold another call option with lower strike that will expire after the call option that i sold, in that scnerion does ibkr will exercise my long option automaticly or that i need to do some active action in order to avoid assigment on my short position? Thanks, Tal
Your long call will likely be left alone (since not at expiration) and you'll be short from the assignment. Your losses are capped so short position likely not closed as long as you keep the long call.
Yes, or exercise your long call and let your short call close the long position. Your long call won't be at expiration so shouldn't be exercised automatically to cover the short call.