https://i.imgur.com/7GO0OmJ.jpg Never happened to me before but at 12:03 am EST April 16(today). I received an email from robinhood saying I have been early assigned 7 contracts on a put credit spread.
Opening Position: $299/$298 4/26 7 Put credit Spread
Currently showing: 700 Shares SP 500 (RH shows current price 290.03) 7 Puts SPY $298 4/26
I am aware that to close out of my position I need to exercise the 7 contracts I own, and have emailed robinhood to exercise my 7 contracts. My question is at what price will my 7 contracts be exercised and because I have nowhere near the capital to buy 700 shares of SPY does robinhood automatically exercise corresponding parts your credit spread, so you don’t lose more than your collateral?
The +10/-10 is opening position, second is what I’m currently holding. 7/10 were exercised against. https://i.imgur.com/7GO0OmJ.jpg
Submitted April 16, 2019 at 01:40AM by haarr1 http://bit.ly/2V1klcL
