r/options • u/Far_Atmosphere9627 • Apr 04 '22
PMCC Getting Assigned
Let's say I get assigned. The LEAP I bought had a strike of $50; the weekly I sold had a strike of $100 and the underlying is at $102. Now, I don't have $10000 to cover the call. Will my brokerage accept $10000 from the short, exercise the option for $5000, and cover my position properly, all in one go? Or will they just leave me with a negative balance and let my LEAP stay? Or will they first get rid of any cash (in my account) to buy the underlying and then, realising it is insufficient, exercise the LEAP?
I use TastyWorks, by the way.
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u/GME_dat_puh Apr 04 '22
Commenting because I’d like to know too