What happens to my long stock position if a short option which is part of a covered write is assigned?

Long Call

An investor might use a long call option position when the share price or market is expected to rise…

Any option position other than one outlined below is considered uncovered:

• Long call or long put;
• Covered call;…

In the case of U.S. securities options, the OCC will automatically exercise option contracts at expiration only if the option is in-the-money by $0.01 or greater.

As a result, account holders maintaining a call (put) spread with the short leg having a lower (higher) strike price that the long are subject to delivery risk if the short leg is in-the-money by $0.01 or greater and the long leg is not…

You can use the Write Options tool in Classic TWS to see what stock you have available to sell a Covered Call or Buy a Protective Put that will use the account's available long stock. In Classic TWS, go to the Trading Tools menu and select Write Options from the Options Focus section…