Hey all: I've got a couple of questions that I hope you guys can answer:
What happens when:
(1) an ITM call spread expires in the money where both the lower strike long call and the higher strike short call are in the money and have the same expiry?
(2) a higher strike short call expires in the...
So if I have naked puts expiring in the money, I get assigned the shares at the strike price.
What happens when I have naked calls expiring in the money? Do I get assigned a short position at the strike price?