What u mean tho you lost your premium ? You collected the premium the minute you sold the put
Yeah, when you sell calls or puts. You collect premium.
So you keep premium and Assigned Shares at that strike price.
But because you are using a paper account. Sometimes it doesn't work properly.
Best to learn the concept and use actual money.
Yea, so on Friday i sold 7 more puts on Sofi. Its not given me the premium outright and basically because the stock went up slightly I got "some" of the premium but 90% of it still isn't in my paper account. Its almost like I only get the premium if the trade expires in my favour.
But from what you are saying i should get the premium instantly?
Thanks for the help by the way. Still learning.
This post was edited by Brookzyboy on Jan 19 2025 12:24pm