Probability of assignment?

Discussion in 'Options' started by scotta65, Mar 11, 2013.

  1. scotta65


    I am short 2 SPX 1565 march monthly calls. Open interest is around 26,000. Not the end of the world if I get assigned, but of course I'd rather not. If I'm ITM 3 days from now, what would you say the chances are of me getting assigned? Of course there is no real way to predict, but as far as guessing based on experience goes what do you all think?
  2. If its a cent in the money at expiration you will be assigned.
  3. Ahh spx is cash settled.... there's no underlying..
  4. 1245


    SPX is a cash settled product. If ITM, you pay the cash based on the difference between the strike and cash settlement. Unlike equity options, the probability is 100% that will happen.

    It is REALLY important that every trader understand the terms of the contracts before you trade them so you understand the risks involved. This is also an AM settled options. The last day of trading is Thursday but settles on the opening stock prices Friday that make up the index.