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When trading the Wheel Strategy as an options trader we know that eventually we are going to get assigned. Either the covered call will get assigned and you will be stuck selling 100 shares of your stock or your cash secured put will be assigned and you will have to buy a share.
This getting crappy if the current share price is way above or below your strike price. This happen to me recently with a cashed secured put that I have on Tattoo Chef ($TTCF). I had a strike price of $22.50 and it was assigned when the share price was in the 16's. In this clip of Brad Finn Live I will discuss this assignment and talk about what to do next.
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#TTCF #CSP #SellingPuts
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