Posts  / #POST-234605
REDDIT

Cash secured put assigned by strike was not in the money

I’m not sure who to talk to but I had a cash secured put on BE (Bloom) for $262.5 with expiring yesterday 6/5. Obviously it was a red day and it dropped below my strike but at closing it started going back up and closed at $263.71. But I was apparently assigned today 6/6 and the stock price shows $253 right now on SoFi. That is ridiculous.

If this is the case, I will be removing all my funds from SoFi onto another brokerage. How is that fair? Up until the last minutes, I had the choice to buy close to keep holding, I held. And the stock closed at 263.