The following table summarizes exercise and assignment for calls and puts (assuming one option contract):
|
Option Type |
If Exercised: |
If Assigned: |
|---|---|---|
|
Call |
Call buyer purchases 100 shares at the strike price |
Short call seller assigned (-100) short shares at the strike price |
|
Put |
Put buyer sells 100 shares at the strike price |
Short put seller assigned +100 shares at the strike price |
Within the Strategy Block, you can adjust whether to close your positions at expiration or whether to allow positions to be exercised / assigned at expiration.
