If I am assigned early on a call option, how long do I have to react to the exercise in order to buy shares?
For example: If the buyer of the option exercises their option on Monday. Then will I be notified of the exercise by my broker on Tuesday? Does this mean that I have one day (Tuesday) to...
Because If I were to have a short gut spread (like the one used in the example), I do not want to end up with any positions remaining after expiration. Usually I would be flat shares because I would be short shares after assignment of the call and long shares after the assignment of the put...
If I am short one call option and short one put option at expiration (and both options expire in the money), will the put option be assigned to me first so that the long shares received from the short put can be "called in" and given to the holder of the call option?
For example: If the price...