Pro Tips · Sep 30, 2026

Assigned after a drop? Your covered call strike needs a floor

After a put assignment, a call struck below your net cost can lock in a loss. One check, strike plus call credit vs net cost, keeps the wheel honest.

PRO#covered-call #assignment #options-education

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YieldCove Desk

PRO

Published

Sep 30, 2026

Reading time

3 min read

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The wheel feels simple: sell a put, get assigned, sell a call, get called away, repeat. The trap sits in the third step. When a stock falls hard after you are assigned, the calls near the current price pay well, and the calls near your…

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