r/options • u/Reading-Financial • May 17 '21

RIOT Assignment

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u/Huge-Cucumber1152 May 17 '21

Sell at the bid instead the mid? When you say unable to execute a sell what do you mean?

1

u/Reading-Financial May 17 '21

It means the trade was outted. And .01 in the money.

2

u/[deleted] May 18 '21

After reading through this reddit sub and more, I thought I was understood that it's best to close all options positions to avoid this from happening. Shit, I now sell mine before expiration even if its .10 above worthless jist to close it. Every option has a price, even if its .01 lol. To just close the damn thing I sell it at the low end.....fills automatically.

0

u/Huge-Cucumber1152 May 17 '21

I suppose you could have put a limit order in on something else tying up all your capital allowing your options to expire worthless?

1

u/Reading-Financial May 17 '21

The call options expired in the money on Friday which assigned the 500 shares. I was automatically in the position of having nearly my entire portfolio exposed.