How are options assigned?

What do you mean 10,000 pounds? You mean 10,000 3/4 of a bushel of an ounce?

 

CBC man. Plus a free mojito.

 

And also how come your stop did not get executed? What was your stop price? Was it a stop-loss or a stop-limit? When you said "hard stop", I take it it's a stop-loss order? This is something that you could take up with your broker to find out. Why wasn't your stop-loss order executed?

 

For how often? The second day of the third week of each quarter and if it's a weekend then it's the last day of the fourth week of each quarter and if that's a rainy day then it's the first day of the second month of the last quarter? LOL

And you think us option guys are crazy...

 

Yeah, me and three other people went in together (quarters).

I couldn't believe the guy in charge took actual delivery!!


Pork Bellies Option Exchanges
Pork Bellies option contracts are available for trading at Chicago Mercantile Exchange (CME).

CME Pork Bellies option prices are quoted in dollars and cents per pound and their underlying futures are traded in lots of 40000 pounds (18 metric tons) of pork bellies.

 

yeah. That’s the literal definition of a put.

 

To buy the stock at 96 when it’s trading at 100, OP would have had to buy the call, not the put.

 

Or sell the put for $4 - how much premium did OP harvest?

 

If the underlying is on a downtrend, that might get the OP assigned again. With this price, the option might be ATM or very near ATM. Of course we don't know the other info. like IV or DTE and etc.

 

IKR? Like the FFS-dude who recommended put and call calendars at a strike.