Is it possible to buy back a covered call with Bitcoin?

1 answers

• May 24, 2022 · 3 years ago
  Yes, it is possible to buy back a covered call with Bitcoin. When you sell a covered call, you are essentially creating an obligation to sell your Bitcoin at a specific price if the buyer of the call option decides to exercise it. To buy back the call option, you can place a buy order on the exchange where you initially sold the option. Once the order is filled, the call option is effectively canceled, and you no longer have the obligation to sell your Bitcoin. It's important to note that the price you pay to buy back the call option may be different from the price you received when you sold it, depending on market conditions. If you have any further questions, feel free to ask.
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