The stock rallied through your covered call strike.

Starting position

ACME

Covered Call

Strike$55.00

Premium$1.20

Contracts1

Spot: $58.0010d to exp

ACME is at $58, 10 days to expiration on your $55 covered call. The call is worth about $3.10 to buy back. Your original $1.20 premium is dwarfed by the intrinsic value. If you do nothing, the shares get called away at $55 in 10 days for a solid gain. Or you can roll.

Learn wheel strategy on the app, too.

Spoke is a free iOS app that tracks the real trades you take. Log positions, watch the cycle unfold, and see your cost basis update through assignment and called-away.

Download Spoke on the App Store

Educational only. Not a recommendation. Real capital carries real risk.