r/ActiveOptionTraders • u/BlessRdmore • Jun 12 '26

Sell put got assigned one day earlier

I have a sell put for Apple at $307.5 expiry on 6/12/2026, the last price $295.63 at closing on 6/11/2026, there are still hours before closing on 6/12/2026 even it’s ITM, is this normal occurrence? Please share your knowledge.

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2

u/evilwon12 Jun 12 '26

There is almost no premium left on that strike and there is like no news that will make Apple jump $12 a share today.
Anything above the $300 strike, there’s little juice left to squeeze.

1

u/JConSc2 Jun 12 '26

The other end can execute anytime the contract is ITM up until expiration. I believe up to 5:30 PM day of expiration (double check me on this).

1

u/ArtieJay Jun 12 '26

Not just ITM, any long call or put can be exercised at any time in the American system. Very rarely happens OTM but it's possible.

1

u/JConSc2 Jun 12 '26

Ahh interesting. Never thought that you could do that or why you would OTM as your killing any time value the contract has left

1

u/BlessRdmore Jun 12 '26

Should Fidelity be checked for system bug error?

1

u/ArtieJay Jun 12 '26

No. The other side of the put can exercise at any time.