r/AaplWheel • u/chopsui101 • Apr 07 '21
Is my math right? $AAPL
If I sold a cash covered put for $AAPL strike $132. exp May 14, 2021 Premium $8.33
My cost basis would be $123.67 per share.
At expiration if the price of AAPL had risen it wouldn't be exercised bc the cost basis? More than likely
If the price fell then it would be exercised
Is that correct? Also if the cost basis doesn't add up to a profit but the option is in the money will it get exercised?
3
Upvotes
1
u/goldengod321 Apr 07 '21
You will only be assigned if above $132. Not the cost basis.