Quote from optionnew:
hold the call till teusday, exercise, sell stock on wensday. If dec call was not exercised buy back Jan call, hold call untill dec, get exercised in december. If agnce goes to $15 from now till dec, my loss is $2-$3 vs. $13 if I own the stock, for that I pay a little more comission. Clear enough?
I see. Why not do the Dec calendar spread instead of Jan13? Even less premium at risk and better liquidity.