Learn / Trade options with confidence
Expiry, assignment and what happens next
What if the price moves against me?
Video coming soon
In this lesson
- At expiry, the price compared with the strike decides. If the stock closes below the strike, the call you sold ends worthless. If it closes above, the call is assigned.
- If the call expires, you keep the shares and the premium. Rendity then shows the call as expired. You can sell another call on the same shares.
- If the call is assigned, your shares are sold at the strike. You keep the premium in this case too. In Rendity the assignment and the share sale are on the same day.
- American-style options can be exercised before expiry. This happens most often just before a dividend.
The example: calls on Keurig
On 19 December 2025 four Keurig calls with a $30 strike expire. Keurig closes at $27.89, below $30. Rendity shows the calls as expired, and you keep the shares and the $120.
On 19 May 2026, the day after a peak, you sell four $30 calls again, for $180. On 18 June Keurig closes at $30.76, above $30. The calls are assigned, and all 400 shares are sold at $30.
In the transaction list, each row says what happened. The assignment and the share sale are on the same day. When the price climbs past the strike right after you sold, it feels bad, even though the assignment is exactly the deal you made.
Sample account, not real data, not investment advice.
Where to find it in Rendity
On a stock's position page, the position chart shows every expiry and assignment. In the transaction list below the chart, each row has a label, such as Sell Call, Expired or Assigned.
Included inSprout Tree Orchard
Terms from this lesson
Education only, not investment advice. Tax topics are not tax advice.