Your CSP just got assigned. Now what?

Starting position

ACME

Cash-Secured Put

Strike$50.00

Premium$1.00

Contracts1

Spot: $46.000d to exp

Expiration day. ACME closed at $46. Your $50 put was in the money, so you got assigned 100 shares. Your effective cost basis is $49 per share (the $50 strike minus the $1 premium you kept). The stock is at $46. You are down $300 on paper. What do you do?

Learn wheel strategy on the app, too.

Spoke is a free iOS app that tracks the real trades you take. Log positions, watch the cycle unfold, and see your cost basis update through assignment and called-away.

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Educational only. Not a recommendation. Real capital carries real risk.