Stock Replacement Covered Call Strategy

Jay Parini: Ask chris about a spread play. We buy a one 25 c call on apple, which is o t m, for a hundred dollars. As the as the contracts roll closer to expiration, te one 25 c goes ind the money, but the one 30 c dosdas not. What happens? Are you able to lock him profit on the one 25 and watch the one 30 expire? Or would you try to buy out the one 30 earlier?Parini: One of my favorite trades is whaty one of my menters, he ran the filly exchange. He kind of came up with this stock replacement covered call strategy.