However, when your sell call gets exercised, tiger will sell away your shares directly instead of buying more from the market.. so it is “covered” in this manner
Anyway.. you still have to keep a certain amount of cash as margin in your account.. it is annoying.. but no choice because tiger does not take your shares as ”covered”
If i am not mistaken, it is not possible to sell covered calls in US also.. even if you have the shares.. they assume you do not have and still lock in money as margin..
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