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Thanks for the replies guys. Now I get it. Can I please clarify: 1. What does it mean by 'assigned' here? 2. Can I understand it correctly. If I do it this way, I would have to put cash margins on my options account if the price is gradually going against my favour. So simply treating it as...

Hi, I've tried looking Online but found nothing related to how to operate covered call, step by step. My question is: does my options account have to be with the same broker as my stock account that I want to create covered call on? E.g. Say I have 100 shares of Apple Inc. stock at Broker A...