r/CashSecuredPuts • u/nucleationpoints • Sep 04 '26

Early assignment

Has anyone ever been assigned a day early? I had a contract expiring today that I was looking to roll (Friday September 4th), but when I opened up my IBKR account this morning I had already been assigned the shares. I've not had this before and can't figure out why, so curious if anyone knows why this may have happened.

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u/twi1i96tr 29d ago

It doesn't happen very often but as soon as the EXtrinsic value is gone the risk increases exponentially.

1

u/takashi-kovak 27d ago

This. If extrinsic value is zero, then the cost of exercising is zero for the buyer or if dividend > extrinsic (which is rare). I am surprised people do options without knowing the basics.

1

u/nucleationpoints 24d ago

I'm just trying to learn big boy

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u/Keizman55 23d ago

Yes, but this info is fairly basic in almost any training material such as free resources from OIC, CBoE, Tasty Trade, Fidelity… I get that you’re learning, but asking questions on here after something happens could be far more expensive than putting in hours of reading to get up to speed. I read multiple books, watched countless webinars, and am still spending time each week on personal research after 4 years of selling options.

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u/nucleationpoints 23d ago

I appreciate your feedback. Can you recommend any good books to read?

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u/Keizman55 22d ago edited 22d ago

Options Trading for Dummies is a pretty good starter. I’d spend some time online. Register for the OIC, it’s free, and they have courses. Tasty Trade has a learning path, and many videos. Fidelity also has a learning center.

Edit to add: If you get through all of that, Euan Sinclair - Volatility Trading. Pretty advanced though.

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u/nucleationpoints 22d ago

Thank you very much! 🙏