ASSIGNMENT ALERT for KWEB 64 short put
Please note that we have been assigned the short put on KWEB at strike price of $64.
We originally had an Iron Fly on KWEB with short put and short call at $64.
Today, the short put has been assigned, so now we own 100 shares of KWEB.
The long put at $55 is still intact. so that limits the max loss to $407 till the expiration date.
I will sell the long put next week.
I want to hold the shares and sell covered calls against it
If you do not want to hold the shares, then you may sell those and take a loss on it.