You can then buy it at a lower price and deliver at a high price. (kotaksecurities.com)
By that, we mean trying to sell your blue chip investment at what looks to you like a price peak — perhaps in the hope of buying them it at lower prices. (tsinetwork.ca)
If the stock price goes below the strike price then I am obliged to buy the stock which I intended to do to setup a position by buying at lower price. (money.stackexchange.com)