When an option seller or writer receives an exercise notice, assignment has occurred. When assigned, writers must deliver the goods (shares or cash).

For example, let's say you sold 1 AAPL 145.00 CALL and the buyer decides to exercise the contract at expiration because AAPL is now trading at 146, you would need to deliver 100 shares of AAPL stock.

Client Portal | Internal Tools | Web App Builder | Free Website Builder Made with Softr