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I posted this to educate myself further bro.....thanks for ur help....I’m doing covered calls on stock I already own so I know there’s little risk and a great way to get some premiums...by the look of ur corny name and profile pic I’m sure ur not killing it in the market and I’m sure no one is...

so if MJ drops .50 cents tomorrow I can “sell to close” ??? And their wouldn’t be any penalty? Also would I keep the premium paid by the other party?

ok thank you..when would I use “sell to close” and why?

I only lose the div if it hits the strike price correct?

So I have 100 shares of Mj and wanted to do a sell call on it.....do I choose sell open or sell close and why? I use E*TRADE and if it does hit the strike price will they automatically take the 100 shares i own if the person on the other end exercise’s their option, or do I have to transfer the...