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Teddi,
Perhaps I am a bit slow but in today’s “Understanding Market Declines…Stay Calm and Carry On…Third” with your MRK example having 10 2/28 puts facing assignment you reference “… I could therefore sell 7 put contracts rather than 10, for $7.05 which would earn $4935 for a small profit of $235 and a release of 3 put contracts at $85…”.

I would expect to see a Sell-to-close on 3 put contracts to eliminate the possibility of assignment on 2/28 expiration before or in concert with the 7 puts Sell-to-open for expy 6/19 example.

What am I missing?

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