Common questions
Options assignment FAQ
Can a short option be assigned before expiration?
Some contracts permit exercise before expiration. Timing depends on the holder, contract, clearing process, and brokerage.
Does in-the-money guarantee assignment?
No. It can affect decisions but is not a guarantee for a particular account.
What happens to a spread if one leg is assigned?
The short obligation can be created independently of the long leg. Review the remaining exposure under current broker procedures.
Is this individualized advice?
No. This is general education and does not know your objectives or account rules.
Primary reading: OIC exercise and assignment overview · SEC Investor Bulletin · FINRA assignment guide