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.
Devour your prey raptors!
Updated DIS
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.
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.
Raptor,
Unusual, but it does happen. I had shares of Shell taken from me below the strike price late last year.
MDP
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.