price assignment

• Find a Branch
• Schwab Brokerage 800-435-4000
• Schwab Password Reset 800-780-2755
• Schwab Bank 888-403-9000
• Schwab Intelligent Portfolios® 855-694-5208
• Schwab Trading Services 888-245-6864
• Workplace Retirement Plans 800-724-7526

... More ways to contact Schwab

  Chat

• Schwab International
• Schwab Advisor Services™
• Schwab Intelligent Portfolios®
• Schwab Alliance
• Schwab Charitable™
• Retirement Plan Center
• Equity Awards Center®
• Learning Quest® 529
• Mortgage & HELOC
• Charles Schwab Investment Management (CSIM)
• Portfolio Management Services
• Open an Account

Options Exercise, Assignment, and More: A Beginner's Guide

So your trading account has gotten options approval, and you recently made that first trade—say, a long call in XYZ with a strike price of $105. Then expiration day approaches and, at the time, XYZ is trading at $105.30.

Wait. The stock's above the strike. Is that in the money 1 (ITM) or out of the money 2  (OTM)? Do I need to do something? Do I have enough money in my account? Help!

Don't be that trader. The time to learn the mechanics of options expiration is before you make your first trade.

Here's a guide to help you navigate options exercise 3 and assignment 4 —along with a few other basics.

In the money or out of the money?

The buyer ("owner") of an option has the right, but not the obligation, to exercise the option on or before expiration. A call option 5 gives the owner the right to buy the underlying security; a put option 6  gives the owner the right to sell the underlying security.

Conversely, when you sell an option, you may be assigned—at any time regardless of the ITM amount—if the option owner chooses to exercise. The option seller has no control over assignment and no certainty as to when it could happen. Once the assignment notice is delivered, it's too late to close the position and the option seller must fulfill the terms of the options contract:

• A long call exercise results in buying the underlying stock at the strike price.
• A short call assignment results in selling the underlying stock at the strike price.
• A long put exercise results in selling the underlying stock at the strike price.
• A short put assignment results in buying the underlying stock at the strike price.

An option will likely be exercised if it's in the option owner's best interest to do so, meaning it's optimal to take or to close a position in the underlying security at the strike price rather than at the current market price. After the market close on expiration day, ITM options may be automatically exercised, whereas OTM options are not and typically expire worthless (often referred to as being "abandoned"). The table below spells it out.

• If the underlying stock price is...
• ...higher than the strike price
• ...lower than the strike price
• If the underlying stock price is... A long call is... -->
• ...higher than the strike price ...ITM and typically exercised -->
• ...lower than the strike price ...OTM and typically abandoned -->
• If the underlying stock price is... A short call is... -->
• ...higher than the strike price ...ITM and typically assigned -->
• If the underlying stock price is... A long put is... -->
• ...higher than the strike price ...OTM and typically abandoned -->
• ...lower than the strike price ...ITM and typically exercised -->
• If the underlying stock price is... A short put is... -->
• ...lower than the strike price ...ITM and typically assigned -->

The guidelines in the table assume a position is held all the way through expiration. Of course, you typically don't need to do that. And in many cases, the usual strategy is to close out a position ahead of the expiration date. We'll revisit the close-or-hold decision in the next section and look at ways to do that. But assuming you do carry the options position until the end, there are a few things you need to consider:

• Know your specs . Each standard equity options contract controls 100 shares of the underlying stock. That's pretty straightforward. Non-standard options may have different deliverables. Non-standard options can represent a different number of shares, shares of more than one company stock, or underlying shares and cash. Other products—such as index options or options on futures—have different contract specs.
• Stock and options positions will match and close . Suppose you're long 300 shares of XYZ and short one ITM call that's assigned. Because the call is deliverable into 100 shares, you'll be left with 200 shares of XYZ if the option is assigned, plus the cash from selling 100 shares at the strike price.
• It's automatic, for the most part . If an option is ITM by as little as $0.01 at expiration, it will automatically be exercised for the buyer and assigned to a seller. However, there's something called a do not exercise (DNE) request that a long option holder can submit if they want to abandon an option. In such a case, it's possible that a short ITM position might not be assigned. For more, see the note below on pin risk 7 ?
• You'd better have enough cash . If an option on XYZ is exercised or assigned and you are "uncovered" (you don't have an existing long or short position in the underlying security), a long or short position in the underlying stock will replace the options. A long call or short put will result in a long position in XYZ; a short call or long put will result in a short position in XYZ. For long stock positions, you need to have enough cash to cover the purchase or else you'll be issued a margin 8 call, which you must meet by adding funds to your account. But that timeline may be short, and the broker, at its discretion, has the right to liquidate positions in your account to meet a margin call 9 . If exercise or assignment involves taking a short stock position, you need a margin account and sufficient funds in the account to cover the margin requirement.
• Short equity positions are risky business . An uncovered short call or long put, if assigned or exercised, will result in a short stock position. If you're short a stock, you have potentially unlimited risk because there's theoretically no limit to the potential price increase of the underlying stock. There's also no guarantee the brokerage firm can continue to maintain that short position for an unlimited time period. So, if you're a newbie, it's generally inadvisable to carry an options position into expiration if there's a chance you might end up with a short stock position.

A note on pin risk : It's not common, but occasionally a stock settles right on a strike price at expiration. So, if you were short the 105-strike calls and XYZ settled at exactly $105, there would be no automatic assignment, but depending on the actions taken by the option holder, you may or may not be assigned—and you may not be able to trade out of any unwanted positions until the next business day.

But it goes beyond the exact price issue. What if an option is ITM as of the market close, but news comes out after the close (but before the exercise decision deadline) that sends the stock price up or down through the strike price? Remember: The owner of the option could submit a DNE request.

The uncertainty and potential exposure when a stock price and the strike price are the same at expiration is called pin risk. The best way to avoid it is to close the position before expiration.

The decision tree: How to approach expiration

As expiration approaches, you have three choices. Depending on the circumstances—and your objectives and risk tolerance—any of these might be the best decision for you.

1. Let the chips fall where they may.  Some positions may not require as much maintenance. An options position that's deeply OTM will likely go away on its own, but occasionally an option that's been left for dead springs back to life. If it's a long option, the unexpected turn of events might feel like a windfall; if it's a short option that could've been closed out for a penny or two, you might be kicking yourself for not doing so.

Conversely, you might have a covered call (a short call against long stock), and the strike price was your exit target. For example, if you bought XYZ at $100 and sold the 110-strike call against it, and XYZ rallies to $113, you might be content selling the stock at the $110 strike price to monetize the $10 profit (plus the premium you took in when you sold the call but minus any transaction fees). In that case, you can let assignment happen. But remember, assignment is likely in this scenario, but it is not guaranteed.

2. Close it out . If you've met your objectives for a trade, then it might be time to close it out. Otherwise, you might be exposed to risks that aren't commensurate with any added return potential (like the short option that could've been closed out for next to nothing, then suddenly came back into play). Keep in mind, there is no guarantee that there will be an active market for an options contract, so it is possible to end up stuck and unable to close an options position.

The close-it-out category also includes ITM options that could result in an unwanted long or short stock position or the calling away of a stock you didn't want to part with. And remember to watch the dividend calendar. If you're short a call option near the ex-dividend date of a stock, the position might be a candidate for early exercise. If so, you may want to consider getting out of the option position well in advance—perhaps a week or more.

3. Roll it to something else . Rolling, which is essentially two trades executed as a spread, is the third choice. One leg closes out the existing option; the other leg initiates a new position. For example, suppose you're short a covered call on XYZ at the July 105 strike, the stock is at $103, and the call's about to expire. You could attempt to roll it to the August 105 strike. Or, if your strategy is to sell a call that's $5 OTM, you might roll to the August 108 call. Keep in mind that rolling strategies include multiple contract fees, which may impact any potential return.

The bottom line on options expiration

You don't enter an intersection and then check to see if it's clear. You don't jump out of an airplane and then test the rip cord. So do yourself a favor. Get comfortable with the mechanics of options expiration before making your first trade.

1 Describes an option with intrinsic value (not just time value). A call option is in the money (ITM) if the stock price is above the strike price. A put option is ITM if the stock price is below the strike price. For calls, it's any strike lower than the price of the underlying equity. For puts, it's any strike that's higher.

2 Describes an option with no intrinsic value. A call option is out of the money (OTM) if its strike price is above the price of the underlying stock. A put option is OTM if its strike price is below the price of the underlying stock.

3 An options contract gives the owner the right but not the obligation to buy (in the case of a call) or sell (in the case of a put) the underlying security at the strike price, on or before the option's expiration date. When the owner claims the right (i.e. takes a long or short position in the underlying security) that's known as exercising the option.

4 Assignment happens when someone who is short a call or put is forced to sell (in the case of the call) or buy (in the case of a put) the underlying stock. For every option trade there is a buyer and a seller; in other words, for anyone short an option, there is someone out there on the long side who could exercise.

5 A call option gives the owner the right, but not the obligation, to buy shares of stock or other underlying asset at the options contract's strike price within a specific time period. The seller of the call is obligated to deliver, or sell, the underlying stock at the strike price if the owner of the call exercises the option.

6 Gives the owner the right, but not the obligation, to sell shares of stock or other underlying assets at the options contract's strike price within a specific time period. The put seller is obligated to purchase the underlying security at the strike price if the owner of the put exercises the option.

7 When the stock settles right at the strike price at expiration.

8 Margin is borrowed money that's used to buy stocks or other securities. In margin trading, a brokerage firm lends an account owner a portion of the purchase price (typically 30% to 50% of the total price). The loan in the margin account is collateralized by the stock, and if the value of the stock drops below a certain level, the owner will be asked to deposit marginable securities and/or cash into the account or to sell/close out security positions in the account.

9 A margin call is issued when your account value drops below the maintenance requirements on a security or securities due to a drop in the market value of a security or when a customer exceeds their buying power. Margin calls may be met by depositing funds, selling stock, or depositing securities. Charles Schwab may forcibly liquidate all or part of your account without prior notice, regardless of your intent to satisfy a margin call, in the interests of both parties.  

Just getting started with options?

More from charles schwab.

Today's Options Market Update

Weekly Trader's Outlook

Trading Iron Condors Around Earnings | Tradecraft

Related topics.

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled " Characteristics and Risks of Standardized Options " before considering any options transaction. Supporting documentation for any claims or statistical information is available upon request.

With long options, investors may lose 100% of funds invested. Covered calls provide downside protection only to the extent of the premium received and limit upside potential to the strike price plus premium received.

Short options can be assigned at any time up to expiration regardless of the in-the-money amount.

Investing involves risks, including loss of principal. Hedging and protective strategies generally involve additional costs and do not assure a profit or guarantee against loss.

Commissions, taxes, and transaction costs are not included in this discussion but can affect final outcomes and should be considered. Please contact a tax advisor for the tax implications involved in these strategies.

The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Short selling is an advanced trading strategy involving potentially unlimited risks and must be done in a margin account. Margin trading increases your level of market risk. For more information, please refer to your account agreement and the Margin Risk Disclosure Statement.

About 10 mins

Learning Objectives

Price assignment, pricing variable and pricing element, effectivity dates, product price assignment workflow.

• Challenge +100 points

Assign Prices to Products

After completing this unit, you’ll be able to:

• Discuss best practices for planning product prices.
• Define pricing variables and pricing elements.
• Explain how to assign one-time and recurring prices.
• Describe how to reduce the price of a product over time.

Infiwave pricing manager Ada has a pretty firm understanding of where to view prices in Shared Catalog. She’s now ready to start checking things off her to-do list. In this unit, follow her as she assigns prices to a few Infiwave products. But first, she needs to do a little prep work.

Ask the Right Questions

Before launching into any pricing endeavor, it’s important to understand your business goal and the components to use to get the best result. To do this, focus on the three W’s: who, what, and when.

Once you determine the three W’s, use specific components and settings to launch your price. Click the flashcards to learn which tools to use for defining your solution.

Earlier in this module, you explored price lists and how they control the prices customers see in the Cart. Now let’s learn about the other tools and settings.

To establish the “what” portion of the price, you have two primary behind-the-scenes pricing components in EPC: pricing variables and pricing elements.

Pricing Variables

A pricing variable contains metadata that defines the type of pricing. When creating a pricing variable, you decide whether:

• The price is a regular charge or a penalty
• The price is a one-time charge or recurs on an ongoing basis, such as monthly
• The amount is charged to the customer or is a cost to your company
• The allowable payment type is currency or loyalty points

Pricing Element

A pricing element sets the actual amount and currency of the price. Pricing elements can be charges, adjustments, or overrides.

• Charges assign a base price or override a base price.
• Adjustments modify a base price by a percentage or an amount.
• Overrides replace the base price with a new amount.

Shared Catalog has a few different mechanisms to control the “when” of a product’s price. Use effectivity dates to define the duration when a price is active. You can configure multiple prices with staggered effectivity dates so the price automatically changes over time. Prices without an effective end date don’t expire.

For example, you might use effectivity dates to reduce the pricing of a product by 10% each month:

Products with gaps between effectivity date ranges won’t appear in the Cart.

You can also control the timing of a price at the product level with time plans and time policies. You explore these components later in this module.

Ada needs to add a one-time price for the new Infiwave Phone Accessory Pack product. First, she jots down a few quick notes to answer the three W’s.

Who? Business-to-consumer (B2C) customers

What? $9.99, one-time

When? Start date: Today; End date: Indefinite

She’s got all the information in hand and is ready to apply the price to the product.

Remember that for a product to appear in the product list in the Cart, it must:

• Have an active price
• Be set to Active
• Be set to Orderable
• Have valid selling period dates

Assign a One-Time Price

To begin assigning prices to products, launch Product Designer .

In the Products workspace (1), search for the Infiwave Phone Accessory Pack (2) and click its name to open it (3).

Select the product’s Pricing tab (1) and notice there are no existing price entries. Then click New Price (2). In the Add Price pane, add these details:

Click Done to save your changes.

The new, one-time price of $9.99 appears under the Prices section.

Assign a Recurring Price

Next up, you need to apply a recurring price to a new data plan product. This time, let’s add the price through Pricing Designer.

Using the App Launcher, locate and open Vlocity Pricing Designer .

As you want to make the product available to individual customers, select the B2C Price List in the PriceList workspace.

Before you create a new price, check whether there’s an existing pricing list entry for the product in the B2C Price List.

In the Charges tab, deselect the Show Active Only checkbox (1), and use the search bar to search for the No Limits Data Plan (2). As there’s no exact match, click New Charge (3) to create one.

Notice that this price configuration panel is very similar to the one in the product Pricing tab.

The difference is that here you must define the product that the charge will apply to. In the New Charge pane, enter No Limits Data Plan for the product name. Then set the price as 54.99 , Recurring , and Monthly .

Decrease the Price of a Product Over Time

With another task out of the way, Ada checks her email and sees a message from the marketing team. They’re asking if she could reduce the price of the Infiwave Phone 10 starting next week. Ada smiles to herself because she knows this price decrease can happen automatically with effectivity dates.

Return to the Charges tab in the B2C Price List and search for and select the Infiwave Phone 10 product.

Click the charge in the list to open the Edit Charge pane. Change the date in the Effective Date: To field to six days from today.

Now, you need to define the new price and its effective dates. Click New Charge and fill in the necessary properties.

As you don’t know when the new pricing should end, leave the Effective Date: To field blank to keep the price active indefinitely. Notice there are now two price list entries for Infiwave Phone 10. In the Availability column, you can see the effective dates for each price.

Finally, check your work by launching a B2C order and adding the three products with the new prices.

Ada gleefully heads off to lunch, knowing that her pricing work just got so much easier with the help of Enterprise Product Catalog (EPC).

In this unit, you learned how to plan product prices, apply prices in both Product Designer and Pricing Designer, and change a price amount over time. Next, you explore the many options for pricing product bundles in EPC.

• Practice Guide: Assign Prices to Products
• Salesforce Help: Pricing Metadata for EPC
• Salesforce Help: Pricing Variables in EPC
• Salesforce Help: Pricing Elements in EPC
• Get personalized recommendations for your career goals
• Practice your skills with hands-on challenges and quizzes
• Track and share your progress with employers
• Connect to mentorship and career opportunities

• Search Search Please fill out this field.
• Options and Derivatives
• Strategy & Education

Assignment: Definition in Finance, How It Works, and Examples

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master's in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

What Is an Assignment?

Assignment most often refers to one of two definitions in the financial world:

• The transfer of an individual's rights or property to another person or business. This concept exists in a variety of business transactions and is often spelled out contractually.
• In trading, assignment occurs when an option contract is exercised. The owner of the contract exercises the contract and assigns the option writer to an obligation to complete the requirements of the contract.

Key Takeaways

• Assignment is a transfer of rights or property from one party to another.
• Options assignments occur when option buyers exercise their rights to a position in a security.
• Other examples of assignments can be found in wages, mortgages, and leases.

Uses For Assignments

Assignment refers to the transfer of some or all property rights and obligations associated with an asset, property, contract, or other asset of value. to another entity through a written agreement.

Assignment rights happen every day in many different situations. A payee, like a utility or a merchant, assigns the right to collect payment from a written check to a bank. A merchant can assign the funds from a line of credit to a manufacturing third party that makes a product that the merchant will eventually sell. A trademark owner can transfer, sell, or give another person interest in the trademark or logo. A homeowner who sells their house assigns the deed to the new buyer.

To be effective, an assignment must involve parties with legal capacity, consideration, consent, and legality of the object.

A wage assignment is a forced payment of an obligation by automatic withholding from an employee’s pay. Courts issue wage assignments for people late with child or spousal support, taxes, loans, or other obligations. Money is automatically subtracted from a worker's paycheck without consent if they have a history of nonpayment. For example, a person delinquent on $100 monthly loan payments has a wage assignment deducting the money from their paycheck and sent to the lender. Wage assignments are helpful in paying back long-term debts.

Another instance can be found in a mortgage assignment. This is where a mortgage deed gives a lender interest in a mortgaged property in return for payments received. Lenders often sell mortgages to third parties, such as other lenders. A mortgage assignment document clarifies the assignment of contract and instructs the borrower in making future mortgage payments, and potentially modifies the mortgage terms.

A final example involves a lease assignment. This benefits a relocating tenant wanting to end a lease early or a landlord looking for rent payments to pay creditors. Once the new tenant signs the lease, taking over responsibility for rent payments and other obligations, the previous tenant is released from those responsibilities. In a separate lease assignment, a landlord agrees to pay a creditor through an assignment of rent due under rental property leases. The agreement is used to pay a mortgage lender if the landlord defaults on the loan or files for bankruptcy . Any rental income would then be paid directly to the lender.

Options Assignment

Options can be assigned when a buyer decides to exercise their right to buy (or sell) stock at a particular strike price . The corresponding seller of the option is not determined when a buyer opens an option trade, but only at the time that an option holder decides to exercise their right to buy stock. So an option seller with open positions is matched with the exercising buyer via automated lottery. The randomly selected seller is then assigned to fulfill the buyer's rights. This is known as an option assignment.

Once assigned, the writer (seller) of the option will have the obligation to sell (if a call option ) or buy (if a put option ) the designated number of shares of stock at the agreed-upon price (the strike price). For instance, if the writer sold calls they would be obligated to sell the stock, and the process is often referred to as having the stock called away . For puts, the buyer of the option sells stock (puts stock shares) to the writer in the form of a short-sold position.

Suppose a trader owns 100 call options on company ABC's stock with a strike price of $10 per share. The stock is now trading at $30 and ABC is due to pay a dividend shortly. As a result, the trader exercises the options early and receives 10,000 shares of ABC paid at $10. At the same time, the other side of the long call (the short call) is assigned the contract and must deliver the shares to the long.

• Terms of Service
• Editorial Policy
• Privacy Policy
• Your Privacy Choices

We couldn’t find any results matching your search.

Please try using other words for your search or explore other sections of the website for relevant information.

We’re sorry, we are currently experiencing some issues, please try again later.

Our team is working diligently to resolve the issue. Thank you for your patience and understanding.

News & Insights

How Option Assignment Works: Understanding Options Assignment

May 26, 2023 — 08:00 am EDT

Written by [email protected] for Schaeffer  ->

Options assignment is a process in options trading that involves fulfilling the obligations of an options contract. 

It occurs when the buyer of an options contract exercises their right to buy or sell the underlying asset. The seller (writer) of the options contract must deliver or receive the underlying asset at the agreed-upon price (strike price).

What is Options Assignment?

Options assignment can happen when the owner of an option exercises their right to buy or sell shares of stock or when options expire in the money (ITM). This process can be complex and involves various factors such as the type of option, expiration date, and market conditions.

There are two main styles of options contracts: American-style and European-style. American-style options allow the buyer of a contract to exercise at any time during the life of the contract. In contrast, European-style options can only be exercised on the expiration date.

Traders selling American-style options are at risk of assignment anytime on or before the expiration date. While they can technically be assigned anytime, the option must be ITM for the owner of the contract to benefit from exercising their right. 

On the other hand, many options traders prefer to sell European-style options as it is impossible to be assigned before the expiration date, giving them more flexibility to hold their contract without worrying about being assigned early. 

Who is at Risk of Assignment in Options Trading?

Traders with short options positions are at risk of assignment because they have sold the option and are obligated to deliver or receive the underlying asset. If the owner of the options contract decides to exercise their rights, the seller of the options contract must fulfill their obligations.

Traders with long options positions are not at risk of assignment as they are in control of exercising their options. A long option holder has the right, but not the obligation, to buy or sell the underlying asset at the strike price. If the long option holder decides not to exercise their options, they can let the options contract expire worthless.

What is the Risk of Assignment?

The risks associated with options assignment are primarily centered around the obligations of the seller of the options contract. If the holder of the options contract decides to exercise their right to buy or sell the underlying asset, the seller must fulfill their obligations.

For example, if a trader sold a put option with a $100 strike price, and the stock dropped to $90, they would still have to buy the stock at $100 per share. When an option is ITM, it generally indicates that the seller of the option is in an unfavorable spot.

Of course, if you sold a $100 strike put option when the stock was trading at $120, and now it is trading at $90, the seller is likely regretting their original trade. However, it is impossible always to time the market perfectly, and assignment risk is the risk option sellers must assume. 

Traders must be aware of market conditions that could increase the risk of assignment, such as large price movements in the underlying asset. Option selling strategies benefit from a stable market environment, so you must ensure the stock you are trading will remain stable until the expiration date. Events that may cause significant market volatility, such as earnings, are crucial to be aware of when selling options. 

How to Avoid Option Assignment

While it may not be possible to avoid options assignment completely, there are several strategies that options traders can use to reduce the likelihood of being assigned.

One strategy is to manage short options positions by closing the position if your strike gets tested. For example, if you sold a $100 strike put when a stock is trading at $120 per share, you can avoid assignment by closing the position before the stock drops under your strike price of $100. 

Another strategy is to roll over your option, which means you close it out and simultaneously sell a new contract with a different strike price and/or date. Traders can roll their contracts to the same strike price at a further date or even roll it down or up to ensure their contract stays out of the money (OTM). 

These strategies may not always be effective in avoiding assignment. Traders should always be prepared to fulfill their obligations if they are assigned and have a plan to manage their positions accordingly. If a stock moves hard overnight, there is no guarantee you will successfully avoid assignment. 

Do You Keep the Premium if You Get Assigned?

Yes, if you get assigned on a short options position, you still keep the premium you received initially. However, it is important to note that if you are assigned, you will also be obligated to fulfill the contract terms by buying or selling the underlying asset at the strike price. This means you may incur additional costs associated with fulfilling your obligation, such as purchasing the underlying asset at an unfavorable price.

What Happens When Your Covered Call Gets Assigned?

If a covered call gets assigned, the seller of the call option must sell the underlying stock at the strike price to the buyer of the call option. The seller will still be able to keep the premium received from the sale of the call option.

For example, if you own a stock at $100 per share and sell a $130 strike call option, you will be forced to sell if the stock is above $130 on the expiration date. Additionally, you can be assigned before the expiration date if the stock is trading above your strike price. 

While the covered call seller will still generate a profit from this trade, the downside is you are likely missing out on more upside potential had you not sold the covered call. The seller of the covered call doesn’t have to do anything, as the broker will take care of the assignment for you. 

Are Options Automatically Assigned?

If you are an option seller, your option will either be exercised by the buyer or automatically assigned if it is ITM on the expiration date. 

If you are an option buyer, your option will not be automatically assigned before expiration. However, most brokers will automatically assign ITM options on the expiration date. 

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

To add symbols:

• Type a symbol or company name. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return.
• Copy and paste multiple symbols separated by spaces.

These symbols will be available throughout the site during your session.

Your symbols have been updated

Edit watchlist.

• Type a symbol or company name. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.

Opt in to Smart Portfolio

Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use .

• Coaching Team
• Investor Tools
• Student Success

Real Estate Investing Strategies

• Real Estate Business
• Real Estate Markets
• Real Estate Financing
• REITs & Stock Investing

How To Navigate The Real Estate Assignment Contract

What is assignment of contract?

Assignment of contract vs double close

How to assign a contract

Assignment of contract pros and cons

Even the most left-brained, technical real estate practitioners may find themselves overwhelmed by the legal forms that have become synonymous with the investing industry. The assignment of contract strategy, in particular, has developed a confusing reputation for those unfamiliar with the concept of wholesaling. At the very least, there’s a good chance the “assignment of contract real estate” exit strategy sounds more like a foreign language to new investors than a viable means to an end.

A real estate assignment contract isn’t as complicated as many make it out to be, nor is it something to shy away from because of a lack of understanding. Instead, new investors need to learn how to assign a real estate contract as this particular exit strategy represents one of the best ways to break into the industry.

In this article, we will break down the elements of a real estate assignment contract, or a real estate wholesale contract, and provide strategies for how it can help investors further their careers. [ It's time to escape the rat race. Register to attend a free one-day investing event , where you'll learn how one secret strategy can help you create cash flow from the stock market. ]

What Is A Real Estate Assignment Contract?

A real estate assignment contract is a wholesale strategy used by real estate investors to facilitate the sale of a property between an owner and an end buyer. As its name suggests, contract assignment strategies will witness a subject property owner sign a contract with an investor that gives them the rights to buy the home. That’s an important distinction to make, as the contract only gives the investor the right to buy the home; they don’t actually follow through on a purchase. Once under contract, however, the investor retains the sole right to buy the home. That means they may then sell their rights to buy the house to another buyer. Therefore, when a wholesaler executes a contact assignment, they aren’t selling a house but rather their rights to buy a house. The end buyer will pay the wholesale a small assignment fee and buy the house from the original buyer.

The real estate assignment contract strategy is only as strong as the contracts used in the agreement. The language used in the respective contract is of the utmost importance and should clearly define what the investors and sellers expect out of the deal.

There are a couple of caveats to keep in mind when considering using sales contracts for real estate:

Contract prohibitions: Make sure the contract you have with the property seller does not have prohibitions for future assignments. This can create serious issues down the road. Make sure the contract is drafted by a lawyer that specializes in real estate assignment contract law.

Property-specific prohibitions: HUD homes (property obtained by the Department of Housing and Urban Development), real estate owned or REOs (foreclosed-upon property), and listed properties are not open to assignment contracts. REO properties, for example, have a 90-day period before being allowed to be resold.

What Is An Assignment Fee In Real Estate?

An assignment fee in real estate is the money a wholesaler can expect to receive from an end buyer when they sell them their rights to buy the subject property. In other words, the assignment fee serves as the monetary compensation awarded to the wholesaler for connecting the original seller with the end buyer.

Again, any contract used to disclose a wholesale deal should be completely transparent, and including the assignment fee is no exception. The terms of how an investor will be paid upon assigning a contract should, nonetheless, be spelled out in the contract itself.

The standard assignment fee is $5,000. However, every deal is different. Buyers differ on their needs and criteria for spending their money (e.g., rehabbing vs. buy-and-hold buyers). As with any negotiations , proper information is vital. Take the time to find out how much the property would realistically cost before and after repairs. Then, add your preferred assignment fee on top of it.

Traditionally, investors will receive a deposit when they sign the Assignment of Real Estate Purchase and Sale Agreement . The rest of the assignment fee will be paid out upon the deal closing.

Assignment Contract Vs Double Close

The real estate assignment contract strategy is just one of the two methods investors may use to wholesale a deal. In addition to assigning contracts, investors may also choose to double close. While both strategies are essentially variations of a wholesale deal, several differences must be noted.

A double closing, otherwise known as a back-to-back closing, will have investors actually purchase the home. However, instead of holding onto it, they will immediately sell the asset without rehabbing it. Double closings aren’t as traditional as fast as contract assignment, but they can be in the right situation. Double closings can also take as long as a few weeks. In the end, double closings aren’t all that different from a traditional buy and sell; they transpire over a meeter of weeks instead of months.

Assignment real estate strategies are usually the first option investors will want to consider, as they are slightly easier and less involved. That said, real estate assignment contract methods aren’t necessarily better; they are just different. The wholesale strategy an investor chooses is entirely dependent on their situation. For example, if a buyer cannot line up funding fast enough, they may need to initiate a double closing because they don’t have the capital to pay the acquisition costs and assignment fee. Meanwhile, select institutional lenders incorporate language against lending money in an assignment of contract scenario. Therefore, any subsequent wholesale will need to be an assignment of contract.

Double closings and contract assignments are simply two means of obtaining the same end. Neither is better than the other; they are meant to be used in different scenarios.

Flipping Real Estate Contracts

Those unfamiliar with the real estate contract assignment concept may know it as something else: flipping real estate contracts; if for nothing else, the two are one-in-the-same. Flipping real estate contracts is simply another way to refer to assigning a contract.

Is An Assignment Of Contract Legal?

Yes, an assignment of contract is legal when executed correctly. Wholesalers must follow local laws regulating the language of contracts, as some jurisdictions have more regulations than others. It is also becoming increasingly common to assign contracts to a legal entity or LLC rather than an individual, to prevent objections from the bank. Note that you will need written consent from all parties listed on the contract, and there cannot be any clauses present that violate the law. If you have any questions about the specific language to include in a contract, it’s always a good idea to consult a qualified real estate attorney.

When Will Assignments Not Be Enforced?

In certain cases, an assignment of contract will not be enforced. Most notably, if the contract violates the law or any local regulations it cannot be enforced. This is why it is always encouraged to understand real estate laws and policy as soon as you enter the industry. Further, working with a qualified attorney when crafting contracts can be beneficial.

It may seem obvious, but assignment contracts will not be enforced if the language is used incorrectly. If the language in a contract contradicts itself, or if the contract is not legally binding it cannot be enforced. Essentially if there is any anti-assignment language, this can void the contract. Finally, if the assignment violates what is included under the contract, for example by devaluing the item, the contract will likely not be enforced.

How To Assign A Real Estate Contract

A wholesaling investment strategy that utilizes assignment contracts has many advantages, one of them being a low barrier-to-entry for investors. However, despite its inherent profitability, there are a lot of investors that underestimate the process. While probably the easiest exit strategy in all of real estate investing, there are a number of steps that must be taken to ensure a timely and profitable contract assignment, not the least of which include:

Find the right property

Acquire a real estate contract template

Submit the contract

Assign the contract

Collect the fee

1. Find The Right Property

You need to prune your leads, whether from newspaper ads, online marketing, or direct mail marketing. Remember, you aren’t just looking for any seller: you need a motivated seller who will sell their property at a price that works with your investing strategy.

The difference between a regular seller and a motivated seller is the latter’s sense of urgency. A motivated seller wants their property sold now. Pick a seller who wants to be rid of their property in the quickest time possible. It could be because they’re moving out of state, or they want to buy another house in a different area ASAP. Or, they don’t want to live in that house anymore for personal reasons. The key is to know their motivation for selling and determine if that intent is enough to sell immediately.

With a better idea of who to buy from, wholesalers will have an easier time exercising one of several marketing strategies:

Direct Mail

Real Estate Meetings

Local Marketing

2. Acquire A Real Estate Contract Template

Real estate assignment contract templates are readily available online. Although it’s tempting to go the DIY route, it’s generally advisable to let a lawyer see it first. This way, you will have the comfort of knowing you are doing it right, and that you have counsel in case of any legal problems along the way.

One of the things proper wholesale real estate contracts add is the phrase “and/or assigns” next to your name. This clause will give you the authority to sell the property or assign the property to another buyer.

You do need to disclose this to the seller and explain the clause if needed. Assure them that they will still get the amount you both agreed upon, but it gives you deal flexibility down the road.

3. Submit The Contract

Depending on your state’s laws, you need to submit your real estate assignment contract to a title company, or a closing attorney, for a title search. These are independent parties that look into the history of a property, seeing that there are no liens attached to the title. They then sign off on the validity of the contract.

4. Assign The Contract

Finding your buyer, similar to finding a seller, requires proper segmentation. When searching for buyers, investors should exercise several avenues, including online marketing, listing websites, or networking groups. In the real estate industry, this process is called building a buyer’s list, and it is a crucial step to finding success in assigning contracts.

Once you have found a buyer (hopefully from your ever-growing buyer’s list), ensure your contract includes language that covers earnest money to be paid upfront. This grants you protection against a possible breach of contract. This also assures you that you will profit, whether the transaction closes or not, as earnest money is non-refundable. How much it is depends on you, as long as it is properly justified.

5. Collect The Fee

Your profit from a deal of this kind comes from both your assignment fee, as well as the difference between the agreed-upon value and how much you sell it to the buyer. If you and the seller decide you will buy the property for $75,000 and sell it for $80,000 to the buyer, you profit $5,000. The deal is closed once the buyer pays the full $80,000.

Assignment of Contract Pros

For many investors, the most attractive benefit of an assignment of contract is the ability to profit without ever purchasing a property. This is often what attracts people to start wholesaling, as it allows many to learn the ropes of real estate with relatively low stakes. An assignment fee can either be determined as a percentage of the purchase price or as a set amount determined by the wholesaler. A standard fee is around $5,000 per contract.

The profit potential is not the only positive associated with an assignment of contract. Investors also benefit from not being added to the title chain, which can greatly reduce the costs and timeline associated with a deal. This benefit can even transfer to the seller and end buyer, as they get to avoid paying a real estate agent fee by opting for an assignment of contract. Compared to a double close (another popular wholesaling strategy), investors can avoid two sets of closing costs. All of these pros can positively impact an investor’s bottom line, making this a highly desirable exit strategy.

Assignment of Contract Cons

Although there are numerous perks to an assignment of contract, there are a few downsides to be aware of before searching for your first wholesale deal. Namely, working with buyers and sellers who may not be familiar with wholesaling can be challenging. Investors need to be prepared to familiarize newcomers with the process and be ready to answer any questions. Occasionally, sellers will purposely not accept an assignment of contract situation. Investors should occasionally expect this, as to not get discouraged.

Another obstacle wholesalers may face when working with an assignment of contract is in cases where the end buyer wants to back out. This can happen if the buyer is not comfortable paying the assignment fee, or if they don’t have owner’s rights until the contract is fully assigned. The best way to protect yourself from situations like this is to form a reliable buyer’s list and be upfront with all of the information. It is always recommended to develop a solid contract as well.

Know that not all properties can be wholesaled, for example HUD houses. In these cases, there are often anti-assigned clauses preventing wholesalers from getting involved. Make sure you know how to identify these properties so you don’t waste your time. Keep in mind that while there are cons to this real estate exit strategy, the right preparation can help investors avoid any big challenges.

Assignment of Contract Template

If you decide to pursue a career wholesaling real estate, then you’ll want the tools that will make your life as easy as possible. The good news is that there are plenty of real estate tools and templates at your disposal so that you don’t have to reinvent the wheel! For instance, here is an assignment of contract template that you can use when you strike your first deal.

As with any part of the real estate investing trade, no single aspect will lead to success. However, understanding how a real estate assignment of contract works is vital for this business. When you comprehend the many layers of how contracts are assigned—and how wholesaling works from beginning to end—you’ll be a more informed, educated, and successful investor.

Click the banner below to register for a FREE one-day online event and get started learning how to create cash flow from the stock market!

What is an STR in Real Estate?

Wholetailing: a guide for real estate investors, what is chain of title in real estate investing, what is a real estate fund of funds (fof), reits vs real estate: which is the better investment, multi-family vs. single-family property investments: a comprehensive guide.

‘A Dangerous Assignment’ Director and Reporter Discuss the Risks in Investigating the Powerful in Maduro’s Venezuela

A still from FRONTLINE and Armando.info's documentary "A Dangerous Assignment: Uncovering Corruption in Maduro's Venezuela."

The investigation at the heart of FRONTLINE’s new documentary A Dangerous Assignment: Uncovering Corruption in Maduro’s Venezuela unfolded as Venezuelan journalist Roberto Deniz started looking into complaints about the poor quality of food distributed by a government program.

Venezuela was in the throes of economic collapse in 2016. The value of the country’s oil had fallen, leading to a deficit, and Venezuelans faced high inflation and food shortages. President Nicolás Maduro responded by launching a food program called the Local Committees for Supply and Production (Comité Locales de Abastecimiento y Producción or CLAP).

As Deniz and the Venezuelan independent news site Armando.info where he worked looked into the program, they would help uncover a corruption scheme and the figure at the heart of the scandal: Alex Saab. The documentary, made in collaboration with Armando.info, was directed by Juan Ravell, produced by Jeff Arak and reported by Deniz — who is now living and working in exile.

Deniz and Ravell spoke with FRONTLINE about the risks of reporting on Venezuela, tracing a corruption scandal that reached into the Venezuelan government and spanned continents, and the price that journalists pay for investigating the powerful in Maduro’s government.

This interview has been edited for length and clarity. Some of the responses have been translated from Spanish.

Can you both take me back to how this whole investigation started?

Deniz: This has been a long story for us — “us” being Armando.info, but also for me, as a journalist. My investigation about Alex Saab started in 2016. That was the moment in which I decided to start investigating what was happening behind the CLAP program. But in 2015, the name Alex Saab came up in an investigation about a contract that he got to build buildings for poor people in Venezuela. The moment when I realized that Alex Saab was also behind the CLAP food program, it was a big signal: This is not a simple contractor of the Venezuelan government. He’s a man who is more powerful than we could imagine.

Ravell: I wasn’t there from the beginning, but I did start collaborating with Armando.info around 2019. They were doing short pieces with different styles in their investigation, so I was making shorts for them and little videos. I remember clearly when the Alacran [Scorpion] investigation broke. An investigation by Armando.info found that opposition lawmakers worked secretly to defend some of Alex Saab’s businesses abroad. And I remember listening to the phone call that Roberto had with Venezuelan opposition politician Luis Parra and I was thinking, “This is insane that nobody’s listening to this call and so few people are aware of the job that Roberto is doing.” The way that Roberto behaved — very controlled, pressing but fair — was impressive to me. That’s when I got the initial idea. Then, when Alex Saab was detained in Cape Verde, we were pretty much convinced that this needs to be a documentary.

Alex Saab’s business network was complicated and vast. Juan, how did you decide what aspects of the story to focus on while filming this documentary?

Ravell: Roberto’s investigation led the narrative. We wanted to follow the most important stories Roberto was publishing, and those that had the most impact. The milk investigation is pretty important to Venezuelans and finding out who was behind its import. A chemical analysis requested by Armando.info showed some of the powdered milk in the CLAP boxes was so deficient in calcium and high in sodium that a researcher noted it couldn’t be classified as milk.

We knew Alex Saab before that. There had been some reporting by Armando.info, but when they connect him to the CLAP importing scheme, that’s when this story gets going. So from then on, we’re basically following Roberto through his investigation and his stories. Other journalists were also working on this case like Gerardo Reyes from Univision and Joshua Goodman from The Associated Press.

Roberto, at what point did you realize the scale of Saab’s business network and its connection to so many Venezuelan government projects?

Deniz: Since 2016, when I realized that Alex Saab was behind the CLAP program. For me, it was very clear that Alex Saab was a man that we have to investigate. The idea that he was the man behind this program to provide food to poor people in Venezuela — that Nicolás Maduro gave all this power to these guys — was a very important signal. When I started, I realized that there was a lot of fear to talk about him. Some sources immediately told me, “Well, Roberto, you have to be careful, because this is a powerful man and is very close to Nicolás Maduro.”

Roberto, you say in the film that some of the information about Saab’s dealings was difficult to uncover, and you needed to find alternative sources. Can you share the process you used to vet these sources to make sure that the information that they were providing was legitimate?

Deniz: In a country like Venezuela, there are severe threats and intimidation against the journalists that dare to do this kind of work. Normally, a journalist can access information from public records, and you can access officials and expect some kind of response. But that doesn’t happen in Venezuela. They won’t even want to acknowledge that you have contacted them.

I spoke to many of the sources that I had gathered for many years, whom I thought could have useful information about what was happening with the CLAP program. That was how I started to gain access to information, documents, papers that confirmed and signaled that Alex Saab was behind all this. You have to double-check, check three or even four times, every piece of information.

I also had many off-the-record sources. I think that over time, those sources have seen the determination that I and the team at Armando.info have had regarding this investigation, and that’s the main reason why they have trusted in our rigor and perseverance.

What was the most challenging aspect of telling the story visually?

Ravell: I’d say finding the balance. It’s a lot of documents. It’s a lot of words. It’s a lot of very dry information that we need to present in an interesting way, so I think what we managed to do is just rely on the narrative and try to find the best ways to translate that into a compelling film.

We were present in certain key moments. When Roberto’s house in Venezuela was raided, we had a camera with Roberto and we were able to interview him that night. The day of the prisoner swap — when Saab was returned from Miami to Venezuela — was interesting, because we had a team in Bogotá following Roberto and a team in Miami. So two different teams in two separate cities covering the same thing. It was an interesting experiment. And I think it comes across nicely in the film.

Roberto, you shared how reporting this story has led to you living in exile. How has that affected your ability to tell stories about what’s going on in Venezuela? What kind of challenges do you face now doing the same kind of journalism you used to do from inside the country?

Deniz: Since I had to get out of Venezuela in 2018, the most difficult thing was answering, “How can I do my work now?” It was so difficult. All of my life, since I decided to become a journalist, I was living in Venezuela, working in Venezuela. But ultimately, my exile was a solution for me, because I could keep working.

The most difficult thing, I think, is the personal part, the family. I know that all of these investigations are not easy for my family, all their grief, all the personal costs that I decided to face during all of these years.

People told me, “Wow, Roberto, you are brave,” “You are a strong person.” I am totally convinced that it’s not related to that. It’s related to our duty as journalists, our responsibility as journalists in a country like Venezuela. People don’t have the opportunity to know what is really happening in the country. I think that has pushed me to continue on in this investigation.

Many times I have thought that this is the moment to end the investigation. I cannot continue anymore. But I have to continue on what we have tried to do in Armando.info.

Can you both speak about the government’s reaction to this journalism, and what it says about press freedoms in Venezuela? What impact is the current atmosphere having on reporters still working inside Venezuela?

Ravell: It’s pretty clear from NGOs that research freedom of expression that investigative journalism and free, independent journalism is at risk in Venezuela. If you publish something and you get sued for defamation, that could end up getting you criminal charges and that can put you in jail. What Armando.info decided to do is just go in and report on hard things, subjects like corruption, and report on people who are very connected to the highest reaches of the Venezuelan government. By doing that, the choice they had to make was to leave the country. One of the few ways you can report on Venezuela is by going into exile. Still, in exile, there are risks, as you can see in the film. Roberto’s house in Venezuela was raided right before Alex Saab was extradited. So he’s in exile, and he’s still persecuted.

Deniz: I have been in exile since 2018, and nowadays I don’t feel that I am safe living abroad. I think that shows how powerful the message of an autocratic government is when they decide to oppose the work of independent journalists. If you see all the stories related to the Alex Saab case, the first legal action that I faced was in 2017 when he decided to sue me. I could face jail if I stayed in Venezuela. I’m totally sure about that. But then in 2021, I got a new legal action against me. I think that is a clear message that even if you get out of Venezuela, but you continue with your work, you are going to face all of the power of the Venezuelan government. It’s so sad for us as journalists.

Shortly before the premiere of this film, the Venezuelan government began responding to the documentary. Can you give us your take on their response?

Deniz: The attorney general of Venezuela accused us — Ewald Scharfenberg, editor and founder of Armando.info, and me, as a reporter — of supposedly being part of and benefiting from a “corruption scheme” related to Venezuela’s ex-oil minister, Tarek El Aissami, who was incarcerated some weeks ago and who’s been questioned for more than a year within a corruption investigation in PDVSA, the Venezuelan state-owned oil company.

It’s not a coincidence that this is happening right after we released the documentary’s trailer. For me, it’s more than evident that this accusation is total nonsense, but that doesn’t make it less serious, because this is a criminalization of the journalism that we have been doing in Armando.info. Sometimes I think that if you compare the work of Armando.info with all the power of the Venezuelan government, we’re like a dwarf fighting a giant, a tiny particle against a huge government, but that only shows you the authoritarian nature of this regime. They won’t tolerate, they won’t accept that some people persist and keep investigating.

Watch the full documentary A Dangerous Assignment: Uncovering Corruption in Maduro’s Venezuela :

Max Maldonado , Tow Journalism Fellow, FRONTLINE/Newmark Journalism School Fellowships , FRONTLINE

More stories.

‘It Would Have Been Easier To Look Away’: A Journalist’s Investigation Into Corruption in Maduro’s Venezuela

FRONTLINE's Reporting on Journalism Under Threat

Risks of Handcuffing Someone Facedown Long Known; People Die When Police Training Fails To Keep Up

In Hundreds of Deadly Police Encounters, Officers Broke Multiple Safety Guidelines

Documenting police use of force, get our newsletter, follow frontline, frontline newsletter, we answer to no one but you.

You'll receive access to exclusive information and early alerts about our documentaries and investigations.

I'm already subscribed

The FRONTLINE Dispatch

Don't miss an episode. sign-up for the frontline dispatch newsletter., sign-up for the unresolved newsletter..

Price Calculator - Check Price of Assignments Instantly

+61 481607654

Calculate the Price

Olivia, Gold Coast

I do a part-time job to make my end meets. I am grateful to this website for taking care of my assignment writing work at such affordable prices. I can rely on this website completely. Extremely grateful to the whole team of Assignment Prime.

Elena, Sydney

This website is amazing! I recently placed an order and got 30% discount. They also give you a lot of freebies which makes the services so affordable. Such high-quality work at such cheap rates can only be expected by Assignment Prime!

Irene, Brisbane

I would suggest all the students out there to try the services of Assignment Prime. They are really cheap, so can easily be afforded by anyone. The best part is that, unlike other writing service providers, this website provide high-quality content even at the low rates. Highly recommended!

FREE Services

Avail our Writing Services and Take Home Amazing FREEBIES

• Outline SHP 12.32 FREE
• Formatting SHP 10.56 FREE
• Bibliography SHP 9.68 FREE
• Unlimited Revisions SHP 27.29 FREE
• Topic Selection SHP 9.68 FREE
• Editing/Proofreading SHP 36.97 FREE

Got Any Payment-Related Queries?

Get It Resolved Here

• Do You Provide Any Discount or Offer on Writing Services? Yes, we provide a lot of discounts and offers to our new as well as regular clients. The new customers get up to 30% discount on their first order while the regular customers get up to 15% off on every order. We slash our prices on various occasions. To know all the offers, visit our ‘Offer Section.’
• Do You Provide a Price Quote? Yes, we do. Share your task specifications with us and we will give you a price quote. Prices differ on the basis of quality standards, the number of pages, education level, etc.
• What Are the Different Payment Methods for Placing an Order? The clients can pay us through Paypal, Visa card, Master Card, Western Union, and Express Card. At Assignment Prime, all your payment dealings are unquestionably in safe hands as we never keep with us the client's details of the credit or debit card.
• Do You Save the Payment-Related Details? At Assignment Prime, all your payment dealings are unquestionably in safe hands as we never keep with us the client's details of the credit card. Your transaction details are safe.
• Is Your Payment Gateway Secure? Of course, it is. Our payment gateway is protected by SSL (Secure Sockets Layer) technology and is well-encrypted.
• What Will Happen If the Transaction Fails But the Amount Is Credited? In case of a failed transaction, we will refund the complete amount in your bank account in the next 3 to 4 working days. We ensure that your money is in safe hands.
• What If I Am Charged Twice? In that case, our development team will handle the situation. They will verify the transaction process, and in case of any mishappening found, the extra cash deducted will be refunded to you instantly.
• Can I Get My Money Back If I Am Not Happy with the Work? We have a ‘Refund Policy’ according to which we return the total amount taken if the completed assignment fails to fulfill the needs of students. However, upon discontentment, the client is offered unlimited revisions for free.

Avail the Best Assignment Writing Services in Just One Tap!

Add "5% extra off on app"

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Know more

Please rotate your device

We don't support landscape mode yet. Please go back to portrait mode for the best experience

Stock market today: Wall Street rallies to records after inflation slows

NEW YORK (AP) — Hopes that  inflation is finally heading back  in the right direction swept through Wall Street Wednesday and ignited a record-setting rally for U.S. stocks.

The S&P 500 jumped 1.2% to top its prior high set a month and a half ago. The Nasdaq composite added 1.4% to its own record set a day earlier, and the Dow Jones Industrial Average gained 349 points, or 0.9%, to beat its all-time high set in March.

Relief came from the bond market, where Treasury yields eased to release some of the pressure on the stock market. The moves resulted from strengthening expectations among traders that the Federal Reserve may indeed cut its main interest rate this year.

Stocks that tend to benefit the most from lower interest rates helped lead the market. Homebuilders were strong on hopes that cuts by the Fed could lead to easier mortgage rates, with Lennar, D.R. Horton and PulteGroup all rallying more than 5%. Big Tech and other high-growth stocks also rode the wave of expectations for lower rates, and Nvidia’s gain of 3.6% was the strongest force pushing the S&P 500 upward.

Real-estate stocks in the S&P 500 climbed 1.7%, while stocks of electricity companies and other utilities rose 1.4%. The dividends they pay look better to investors when bonds are paying less in interest.

The optimism came from a report showing U.S. consumers had to pay prices for gasoline, car insurance and everything else in April that were 3.4% higher overall than a year earlier. While that’s painful, it’s not as bad as March’s inflation rate of 3.5%.

Perhaps more importantly, the slowdown was a relief after reports for the consumer price index, or CPI, earlier this year had consistently come in worse than expected. That string of disappointing data had washed out forecasts for the Federal Reserve to lower its main interest rate soon.

The federal funds rate is sitting at its highest level in more than two decades, and a cut would goose investment prices and remove some of the downward pressure on the economy.

“There was a lot lying on today’s CPI print to prove that disinflation was simply delayed these last three months and not derailed,” according to Alexandra Wilson-Elizondo, co-chief investment officer of the multi-asset solutions business in Goldman Sachs Asset Management.

A separate report showed  no growth in spending  at U.S. retailers in April from March. It was a weaker showing than the 0.4% growth economists expected.

Slowing growth in retail sales could be seen as a positive for markets, because it could reduce the upward pressure on inflation. But a stalling out also raises worries about cracks forming in U.S. consumer spending, which has been one of the main pillars keeping the economy out of a recession. Pressure has grown  particularly high on lower-income households .

“Hopefully the consumer isn’t running out of steam, but with pandemic savings spent, rising delinquencies, slower wage growth, and now flat retail sales, a more abrupt slowing of the economy can’t be ruled out,” said Brian Jacobsen, chief economist at Annex Wealth Management.

That could threaten one of the main hopes that’s rallied the U.S. stock market toward its records: The Federal Reserve can pull off the balancing act of slowing the economy enough through high interest rates to stamp out high inflation but not so much that it causes a bad recession.

A separate discouraging report released in the morning, meanwhile, said manufacturing in New York state is contracting more than expected.

On Wall Street, Petco Health + Wellness helped lead the market after soaring 27.9%. It named Glenn Murphy, who is CEO of investment firm FIS Holdings, as its executive chairman.

On the losing end were GameStop and AMC Entertainment, as momentum reversed following their  jaw-dropping starts to the week . GameStop fell 18.9%, though it’s still up 126.5% for the week so far.

AMC Entertainment sank 20% after it said it will issue nearly 23.3 million shares of its stock to wipe out $163.9 million in debt.

All told, the S&P 500 rose 61.47 points to 5,308.15. The Dow added 349.89 to 39,908.00, and the Nasdaq jumped 231.21 to 16,742.39.

In the bond market, the yield on the 10-year Treasury eased to 4.34% from 4.45% late Tuesday. The two-year yield, which moves more closely with expectation for Fed action, sank to 4.72% to from 4.82%.

Traders are now forecasting a nearly 95% probability that the Fed cuts its main interest rate at least once this year, according to data from CME Group. That’s up from just below 90% a day before.

In stock markets abroad, Shanghai’s fell 0.8% after China’s central bank left a key lending rate unchanged. Indexes were mixed elsewhere in Asia and modestly higher in Europe.

AP Writers Matt Ott and Zimo Zhong contributed.

Copyright 2024 The Associated Press. All rights reserved.

3 teens killed, 2 others injured in Alpharetta crash, officials say

Jimmy Carter doing OK, but nearing the end, grandson says

Heavy police presence in Marietta as officers look for missing juvenile

Man robbed of $40K watch, assaulted after leaving Buckhead bar, Atlanta police say

Jonesboro youth shelter employee convicted of raping 15-year-old, attorney general says

Latest news.

Teen died from eating a spicy chip as part of social media challenge, autopsy report concludes

White House meets with Morehouse ahead of Biden’s visit

Dow Jones Industrial Average crosses 40,000 points for first time

AG Garland says attacks on Justice Dept. political

Price List Assignment

Once a price list is defined, you can assign it to accounts or persons to indicate the prices that will be charged for the price items or services offered to the accounts or persons. You can assign multiple price lists to an account or a person along with the priority or order in which the pricing should be considered. You can also define whether the account or person can avail the price item pricing listed on the parent or grandparent price list if it is not available on the assigned price list. In other words, you can define whether the account or person can inherit the price item pricing from the price list hierarchy.

For example, suppose you have PL1 (with priority 10) and PL2 (with priority 20) assigned to an account or a person. While determining pricing for a price item, the system will search for the price item pricing in PL1. If the system does not find the price item pricing in PL1, it will search for the price item pricing in PL2. The system will behave in this manner when the price list inheritance for PL1 is set to No during the price list assignment.

If the price list inheritance while assigning PL1 and PL2 to an account or a person is set to Yes , the system will search for the price item pricing in PL1. If the system does not find the price item pricing in PL1, it will search for the price item pricing from the price list hierarchy defined for PL1. However, if the system does not find the price item pricing from the price list hierarchy of PL1, it will then search for the price item pricing in PL2 (assigned to the account or person with priority 20). If the system still does not find the price item pricing in PL2, it will search for the price item pricing from the price list hierarchy defined for PL2.

The Price List Assignment screen allows you to search and assign a price list to an account or a person. It also allows you to view the price lists that are already assigned to an account or a person. It contains the following zones:

Price List Assignments

Price List Price Items

Search Price List for Assignment

Related Topics

Parent topic: Price List