My written put on DIS expired out of the money by one penny.  My counterparty decided to exercise their option anyway and I have been assigned 100 shares with a cost basis of 95 a share.  This is an unusual event and technically, I have been granted a gift of 1 cent a share by my counterparty.  Go figure.

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Updated DIS

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4 thoughts on “Updated DIS

  • February 20, 2016 at 7:52 pm

    This is indeed an interesting action from that counterpart.

    I expect assignment of my covered call on GDX. It was about 4,5 USD in the money… I am curious to see how the whole process goes timing wise.

    Thx for your detailed option trades reports. I like to learn from others.

    • February 20, 2016 at 8:16 pm

      Amber tree, as to timing, options exercise/assignment almost always takes place on the Saturday following the expiry. Depending on the broker, full settlement sometimes takes an additional 2-3 days for margin calculation purposes.

  • February 20, 2016 at 7:59 pm


    Unusual, but it does happen. I had shares of Shell taken from me below the strike price late last year.


    • February 20, 2016 at 8:29 pm

      MDP, sure it happens. And I’m in no way economically harmed by the irrational behavior of my counterparty so I am just going to move on and collect premium from a covered call on Monday.


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