Check an options agent for early assignment and pin risk

Description and use

The options risk check identifies early assignment before ex‑dividend dates and pin risk on expiration, enabling traders to act before unexpected stock delivery.

Problem

Covered call and put spread positions can be unexpectedly assigned before an ex‑dividend date or on expiration day due to pin risk, exposing traders to unplanned stock delivery.

Outcome

The tool returned "approve_with_warnings" with one warning for early assignment before the ex‑dividend date, confirming the risk.

Workflow

• 1. Prepare account, underlying, and legs data. 2. Call options_check with optional as_of date. 3. Receive result and flags. 4. Review flags for "early_assignment_dividend" and "pin_risk". 5. Adjust or close positions if warnings are present.

Evidence

I run every open options position through options_risk_check each morning, and again on expiration day.

Source

Early assignment before a dividend
Test account: margin, $40,000 equity, 200 shares of KO, short 2 KO Nov 20 70 calls.

Source

"decision":"approve_with_warnings","summary":"APPROVE_WITH_WARNINGS: 0 failed, 1 warning(s), 4 passed."

Source