Thanks for the quick replies guys
Just so that I understand this correctly, are you saying we wont know that we have been assigned until the next day. By that time, it is too late to exercise our long/hedge puts (which expired the day before).
So this is more of an issue on expiration day...
Hi sails,
I'm new to relatively new to options
With regards to the credit spread, could you please explain what you mean by the the long position expiring worthless (wasnt the long position a hedge?)?
thanks
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