Consider the following for the XYZ stock with current price at $100 as of today
Sell XYZ call expires 2024/10/31 $110
Buy XYZ call expires 2025/10/31 $110
On 2024/10/31, if XYZ rises to $115 and I am assigned, if I do not own any XYZ stock and have not enough cash, can I exercise the long leg and get out unscratched?
Posted by LukeSkywalker818