I shorted a call. What happens when it cashes out? Nov 01, 07:09
Depends on what it cashes out at. You will receive the value of the option at the time it cashes out (or you sell it) Nov 01, 07:36
"Sell" = "Cover" {nm} Nov 01, 07:36
You are betting that the security will not make the strike price. If it does not, that is delists at zero, you win and Nov 01, 07:47