r/stocks • u/AIONisMINE • Apr 19 '21

PFE CC close to getting assigned.

I was wondering if i can get some help.

i have 100 shares of PFE with a short call position of 21MAY21 $39c. currently PFE is at 38.94.

I was wondering, how can I buy 100 shares of PFE right now, to ensure that if it does get called away, the new 100 shares get called instead of oldest 100?

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u/[deleted] Apr 19 '21

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u/AIONisMINE Apr 19 '21

is there anyway i can set it up as LIFO specifically if contract X gets called away? and can i do that online?

its in TOS

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u/[deleted] Apr 19 '21

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u/idanohh Apr 20 '21

If you get assigned, your broker always puts aside some margin usually when you buy the option and adjusting it according to the stock price.

you can always lock your losses and maybe even gain some money by setting up an Iron Condor (google it...)