Friday, June 17, 2011

Being assigned to 6 short call options, Net $230

Notification of Option Assignment
This communication serves to inform you that an assignment notice has been issued for the short option contracts held in account UXXX238 as listed below.
Contracts:
Option ; Expiration ; Strike ; Type ; Quantity ;
SPY ; 6/2011 ; 125.0 ; CALL ; 6 ;
In accordance with the option assignment procedures, these contracts have been removed from your account and the associated purchase or sales transaction(s) in the underlying asset(s) booked with a trade date of 2011-06-16.
For additional details regarding exercise and assignment transactions in your account, select the Report Management and then Trade Confirmations menu options located in Account Management.
Please contact Customer Service ( IB../p.php ) should you have any questions regarding this matter.
Interactive Brokers Customer Service

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Cost of 6 125 call, $1427. After being assigned, don’t need to buy back. 

Realized Profit of 6 123 call, $400.

Realized SPY loss, $1595. 

Net: $230

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