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REDDIT

Taking Early Assignment & Selling Covered Calls

O
May 12, 2026 · 09:33

Dear option pros and experts

I have the following 4 options contracts for RBLX. Currently RBLX is trading around $41.09.

1) Expiry 18 Jun 2026 with strike price of $85.00 +1P
2) Expiry 18 Sep 2026 with strike price of $100.00 -1P
3) Expiry 18 Dec 2026 with strike price of $100.00 +1P
4) Expiry 18 Dec 2026 with strike price of $105.00 -1P

Today I got assigned contract number 4, short -1P at $105.00 strike price with expiry in Dec 2026. This is indeed an advance assignment as I have only been assigned once and it’s less than 30DTE . Really caught me by a huge surprise as I thought I can keep rolling and rolling and rolling till 2030.

So right now I am the proud owner of 100 shares of RBLX.

I am now left with the following contracts ;

1) Expiry 18 Jun 2026 with strike price of $85.00 +1P
2) Expiry 18 Sep 2026 with strike price of $100.00 -1P
3) Expiry 18 Dec 2026 with strike price of $100.00 +1P

What’s the best course of action now?

I thought of selling an OTM Covered call at about $50 strike price with premium of around $0.70 every 30 days till Dec 2026 and then exercise my long put at $100 before its expiry in Dec 2026.

In the event that my call has been exercised, I will just manually sell off the long put contract at $100.

At the same time, I will also roll contract 2, short put $100 from Sep 2026 to a later date and also sell away contract 1, long put before its expiry on 18 Jun 2026.

Would appreciate all your advice and thanks so much in advance !