Hey everyone, so I have had a few options assigned early which I imagine we all hate because that is almost always to our detriment. But my question is, how does an individual get access to these options so I can buy or sell the stock? For example, I made a bad trade a few months ago. I sold a put on a stock about $4 in the money. When I make these trades I place a hard stop in the system so if it goes bad, I will get out. In this case however, before that even happened, I was put the stock at a $4 loss on execution before option expiration. So who assigned this, can I do it (doubt it), and how would I do it?
Im seriously thinking that the options board has been infiltrated by people whose brains have been replaced by moronic aliens. OP - read your post again. You sold a put but you have no idea of what a put actually is. You gave someone else the right to sell shares to you. The person who assigned you the shares is the person who bought the put from you. The other questions in your post are beyond belief. [Shakes head]
Look at it this way...The shares were put to you, so you actually own something at the end of the day. You own a piece of the company. You can hold forever until you decide to sell. If that were a futures option? You'd be in a world of hurt.
Not my point. I was put the stock long at $100 when the current price was $96. So How can I become the person to buy a stock at $96 when it is trading at $100?
What I do not get is why you are complaining that you were forced to buy a stock at 96 bux when it is trading at $100. That is free money, gimme that trade all day long. Even I understand basic maths. When you buy stock at 96 and sell at 100, that is 4 gain per share. Yes yes? As I said, I am not sure you are expressing your trade correctly.
I was forced to buy the stock at $100 when it was trading at $96. Read my post again and again. And again.
Yes, there it is. I think what OP meant to say is that he became the person to buy at 100 when price was 96. He had a form of dyslexia there, lol!