walter6871 8:59 am on Saturday, August 14, 2021
Tags: Assignment ( 174 ), OptionsExpiration ( 794 ), T ( 15 )

#t Expiration Assignment #optionsexpiration T…

#t
Expiration Assignment

#optionsexpiration
T 13 AUG 21 28 CALL @.14

#assignment
T 13 AUG 21 28 CALL @.14

Choudary Vellanki 8:01 pm on Sunday, August 15, 2021

quick question
i am never tried selling OTM call and holding till expiration

suppose T went till 30 at the time of expiration will u need to buy back at 30 or how does it work ?

thanks in advance
- walter6871 5:31 pm on Monday, August 16, 2021
  
  No,
  I originally sold a put for 28 and turned around and sold 28 call.
  So i was assigned at 28 and it was my cost basis,was happy to sell at 28 from call to get cash back and sell another put.
  Classic wheel strategy.
  
  does that help answer your question?
Walter Horton 8:26 pm on Sunday, August 15, 2021

No,
I originally sold a put for 28 and turned around and sold 28 call.
So i was assigned at 28 and it was my cost basis,was happy to sell at 28 from call to get cash back and sell another put.
Classic wheel stradigy.

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