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assigned
What does assigned mean?
When an option seller is required to honor the contract — delivering or buying shares — because the buyer exercised it. A key risk for theta gang.
"My covered call got assigned and my shares were called away."
Origin
Standard options terminology; frequent topic in WSB options-selling threads.
Frequently asked questions
What does 'assigned' mean in options?
You're assigned when, as an option seller, you're required to honor the contract — delivering or buying shares — because the buyer exercised it.
Why is being assigned a risk?
It's a key danger for option sellers ('theta gang'): assignment forces you to sell or buy shares at the strike price, which can mean losing your stock or taking on an unwanted position.
What is a covered call being assigned?
When a covered call is assigned, your shares are 'called away' — sold at the strike price to the option buyer, e.g. 'My covered call got assigned and my shares were called away.'
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