How would I know if my stock has been called for a covered call I sold that expired deep in the money? Would I have an executed order in my account?
2007-02-16 13:10:26 · 3 answers · asked by bow_wow_wow_yippieo_yippiea 3 in Business & Finance ➔ Investing
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If you sold a February covered call and the call option was deep in the money at today's close you can be certain that it was exercised today or will exercised tommorow.
When an option is exercised the assignment notices are not generated until after the market has closed, and usually are not processed by brokerages until the next day. Depending on your brokerage, the sale of the stock may be reflected in your account on Saturday, Sunday, Monday or, since Monday is a holiday, Tuesday.
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You will not see the sale until your broker has received and processed the assignment notice. Your broker has unitl the next market session opens to complete that process, though many complete it earlier
Until your broker has completed processing the assignment notice there is no change to your account.
2007-02-16 14:31:14 · answer #1 · answered by zman492 7 · 1⤊ 0⤋
Yes, normally your stocks should have been sold at the strike price of your option. Today being the third Friday of the month, it should have been done today.
Check your account to see if that has been done, and in doubt, call your brokerage company.
2007-02-16 21:47:23 · answer #2 · answered by The Goal Interceptor 2 · 0⤊ 0⤋
If your call was exercised, you will know when you try to sell and the message will be. It's a NO, NO. - If it has not been exercised, you will note on you account that the sale has been completed -
2007-02-24 13:57:20 · answer #3 · answered by Semper Fi 1 · 0⤊ 0⤋