I was just notified by my broker of early assignment.
music selection: “Dissident” — Pearl Jam
I had 11 contracts of a PSEC call open. Four of them have been called away early. This is something that happens from time to time when you sell options for income. It doesn’t make a lot of sense. Whoever holds my other seven contracts wisely saw the time value remaining on the options is more than collecting the dividend. The counterparty who called my shares away would have made more money by selling his calls instead of opting for early assignment.
For me, this is a tiny windfall. I collect the remaining time value on the contracts early. And it is more than I would have collected from the dividend when it arrives. I’ll be taking the money and running.
Devour your prey raptors!