The Traderszone Network

Published in TZ Latest News 3 September, 2017 by The TZ Newswire Staff

What happens when the bid/ask expires between the strike?

I sold a put option for an ETF at strike of $29.

ETF closed at $28.94 on friday so my put should have been assigned. But it wasn’t and it looks like the put expired worthless.

The only thing I can think of is that the bid/ask is $28.97 / $29.05.

Even though the ETF closed at $28.94 which is clearly in-the-money, do you think I didn’t inherit the shares beacuse the ask is above the strike? Or do you think my broker just slipped?