Federal Realty Investment Trust (FRT) shares were assigned early.

music selection:  “The Reckoning” — Halestorm

I purchased a bear put spread in FRT on 14DEC2020 with the 95/100 strikes and expiry set to this Friday for 4.05 a share.  I had 9 spreads open and they were all assigned early this morning.  I exercised my long puts to sell the shares I was obligated to purchase at 95 for 100.  I cleared 855 of profit on 3,645 in capital at risk over 30 days.  That is good for a 23% return or 285% annualized.

I have several positions that are in the money expiring this Friday.  With only trivial time value  left,  more shares could be assigned.  I will follow the same procedure of exercise my long options to close out the hedge and book  my profits.

Devour your prey raptors!

Early Assignment FRT

Never miss another opportunity to devour prey!

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