I did not get assigned, but I sold it at $10 mid-week and it closed around $15 while being OTM! Freaking options Here's a good recent example of exercise risk I thought would be helpful to share ( I believe Trump Tariff announcement after market closed): "Felix Frey has started a new topic. Learn this lesson... Posted Apr 03 in the Investor Discussions category Imagine you bought 20 SPY 0DTE put spreads for cheap (ex. $559-560ps for $0.20) thinking you might be able to catch a drop at 4pm. You could sell if it went lower. At 4:15pm EST, the SPY ripped higher and your spread expired at $0. 15 minutes later, the SPY is down 3%, about to break $550. You are stuck. Unless you have 2,000 X $560 or $1,120,000 in the account you can't exercise. BUT, someone can exercise against you making you long 2,000 shares of SPY at $560. At $550, you are down $20k, and you have to wait until tomorrow to sell them. Btw, they will be sold by the brokerage at the market. I wonder how many people are caught in this? There were about 2.7mm 0DTE Puts traded today. How many didn't bother covering their puts at $0.01?"