Subject: Re: Can't belive I did that
If you think about it, it MUST BE POSSIBLE! What if you sold those call options without owning any shares at all? When you get assigned over the weekend, you can only buy those shares on Monday when trading resumes, and then deliver them.

If you don't have the shares, many a broker will simply open a short position for you. They may not let you have the short call position unless you have the account capacity to handle this.

I was pretty startled to hear that some people have managed to buy shares AFTER getting an assignment notice. They may be doing it as a sort of courtesy to their clients, as I would have thought the settlement timing wouldn't work out.

Jim