Three hundred shares from a bear put spread in SWK were assigned early.

music selection:  “Sinister Eyes” — Running Wild

After this weekend’s early assignment of 200 shares of SWK I had 4 spreads remaining.  I got notification from my broker this morning another 300 shares had been assigned early.  I bought the spreads on 16NOV2020 for a net debit of 4.0933 per share.  With assignment, I automatically purchased 300 shares at 195 each.  I exercised my corresponding long puts at 200.

I thus earned 272 in profit on 1,228 in capital at risk.  That is a return of about 22%.  Over the 30 day holding period, the annualized return is 269%.  I now hold only one remaining spread of SWK with an expiry of 18DEC2018.  Should the month continue to proceed as expected, I will close 6,274 in profits for December.  It is looking increasingly likely.  I am also hopeful to roll VXX down for another 1,500 or so in profits.

Devour your prey raptors!

Early Assignment SWK

Never miss another opportunity to devour prey!

One thought on “Early Assignment SWK

  • December 16, 2020 at 6:01 pm
    Permalink

    Nice play on SWK! I wonder why those options were priced that way to begin with?

    Reply

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