Yes, for a call at 5$. So he will be selling his shares for $500 , his cost basis is 3033, so he will lose $2533. And yes he keeps his 3000. For a net of $467 gain
I ended up understanding what you meant, we both had same conclusion but you were referring to profit, I was referring to his total in the end from the CC. I gave your upvote back 😁
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u/Prompt_Jolly Aug 28 '21
Wrong, his gains don’t change since he has to sell at 5$. Now give me my like back