I bought 100 shares of ESPO four months ago for $50 and sold a September 18 $62 covered call at Robinhood.
With the stock trading at $61.50, I think that it's likely that I will be assigned. I will need to pay taxes on the gain $1,200 short term capital gain.
I am considering a buy of 100 more shares of ESPO if the stock hits $62 but the collateral is tied to the shares that I already own and not the ones that I will buy. Is there any way to change the collateral from the original 100 shares to the newly purchased 100 shares?
I completely understand the risk that the stock can drop below $62 right after I buy more shares. I don't mind if that happens since I really like this stock.