Recent content by hhj

thank you for the help.

That is a part that I dont understand. Does the stock get sold or does the guy just sell the option, before the end date? If the price of the share goes to $80 a month before the option expires could I be made to sell the stock? It seems more likely that someone else would buy the option...

Will someone please explain covered calls to me? I own shares of Conoco Phillips (COP). I do not understand all the terminology. I want to get money by agreeing to sell the stocks if they reach a certain price ($75) by August 11th. I think I will get $1.39 a share to do that. So far is that...