I’ve got 4-$2.50 sell puts out for ATHA for 10/18. I just happened to see the huge dump it just took. My questions are, is this going to get assigned right at open, and if not, should I just try and ride it out to October? I really appreciate the help.
Posted by Icy-Lawfulness-6868
3 Comments
Options can be exercised at anytime. None of us can tell you if you will or won’t be assigned. If I were a betting man I’d say no you won’t.
What was your plan when entering and what were you willing to risk? Are you trying sell theta? Do you want to own the shares? If you can’t answer this I’d recommend figuring it out before your next play.
Has anything changed that would change your mind on your current position? These are all questions no one here can answer but yourself.
My advice, which took me too long to learn, define your risk, use a stop loss, and stick to your trading plan.
Your reward should be sticking to your plan, not the false joy of deviating from it and winning. As that will lead to bad habits.
They are assigned at the expiration if they are not a cash settled contract.
I’ve never been assigned on a call or put with weeks left even they were ITM.