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Showing posts with label KO Nov 27 2020 $53.50 puts. Show all posts
Showing posts with label KO Nov 27 2020 $53.50 puts. Show all posts

Tuesday, May 4, 2021

Options trade: Coca Cola (KO) short put trade and assignment

Tuesday, 11/24/2020 (3 DTE)

sell -2 November 27, 2020  $53.50 puts at $0.50 (ITM)

prob ITM:  70.53% (high)


Friday, 11/27/2020 (EXPIRATION)

KO closed at $52.70

My short puts were in-the-money (ITM) at expiration, so I assigned 200 shares of KO.

In plain English:  I had to BUY 200 shares of KO at my strike price of $53.50/share.