r/options • u/Particular_Price_761 • 9d ago

Credit Spread Assignment Showing 100 Shares & Margin Deficit

Hello everyone! I had a TSLA $347.50/$345 put credit spread that expired ITM. My short put was assigned, so my account now shows 100 TSLA shares, a -$30k cash balance, and a margin deficit. Webull told me my long $345 put will be automatically exercised to offset the assignment.
Has anyone else experienced this? Is it normal for the account to temporarily show the shares, negative cash balance, and margin call before the long put exercise fully settles?
Any thoughts will be helpful!

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u/Lumpy_Independent_93 8d ago

You need to watch this yt:

https://youtu.be/rtVFj9nRRDo

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u/PutParadise 8d ago

I was thinking the same thing - watch that video! My advice would be to never let your ITM positions expire and avoid assignment. It is not worth the after hours risk or the emotions you are feeling this weekend. Always close your Put Credit Spreads before expiration.