/biz/ - Business & Finance

>>57623865
>>57625909
I use Questrade, but when I post orders, I can do a custom options order, which can involve buying/selling the shares in addition to writing or buying puts/calls as part of the transaction. I can do this in my TFSA which only allows CCs and a few other covered strategies. Fidelity should absolute allow this as well, but I can't speak from experience.

But using picrel as an example, provided you can combine them into one option transaction, you would receive $11,175 in premium for writing a 630C Mar 15, which is then used to buy the other shares at current market value (again, provided it allows combined transactions).

If it has 0h to expiration, the 630C contract should cost exactly the difference between the strike and the underlying, that is $9,683. But you're getting $11,175 for writing it - nearly $1,500 in premium which represents the time value and volatility of the contract.

(this graph has a weird P&L because it only accounts for the 15 new shares, not the ones you have since I don't know your cost basis)
Alternatively, just buy the missing shares and write a call ITM for whatever you paid for them to cover the cost.