Yesterday life was too busy and we didn’t roll up our expiring DVN short calls….so we got assigned. When we entered the position on 5/20 we were planning on collecting the dividend of $.34 (ex div 6/11). Unfortunately the stock got called away. Return on Capital is good so not complaining…but missing $340 of dividends. We will likely reopen a similar position on Tuesday morning to capture the dividend.
Graph below shows the daily profit/loss for the position since opening. The drop in the blue line (stock) and increase in orange line (option) reflects the assignment.