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REDDIT

Short Put Spread expired ITM

S
Jun 5, 2026 · 20:57

I sold this MRVL 260/265 put spread expiring today. The underlying was at 275 until last minute and went down 5% to 263 30 second before the expiration so the underlying was ITM for the short leg, but OTM for the long leg. Is there a way to mitigate the risk this weekend? For example should i short 100 shares of the underlying?