I am trying to learn options. I sold a covered call (weekly option) that will expire on October 25th and I want to avoid being assigned.

Should I buy it back on 24th (one day early) or can it be bought back on the 25th (the day of expiration)?


The simple answer is that you can trade equity options until 4 PM EST on the day of expiration.

Should you buy it back depends on whether it is in- or out-of-the money (and by how much), as well as whether you plan to write calls for a later expiration.

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