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When you buy an option (a call or a put), you cannot be assigned stock unless you choose to exercise your option. Plain and simple, the purchaser of an option contract will always have the choice to exercise the option, but not the obligation to do so.
An options assignment is when the options seller must fulfil the obligation of an options contract by either selling or buying the underlying security at the exercise price. This is due to the buyer of an options contract exercising their right to buy/sell the underlying security.
Options AssignmentOptions can be assigned when a buyer decides to exercise their right to buy (or sell) stock at a particular strike price.
Step 1 Come to a Non-Binding Agreement. The buyer (assignor) in the original purchase contract and the new buyer (assignee) will need to come to an agreement.Step 2 Share the Purchase Contract.Step 3 Create an Assignment.Step 4 Attach and Close.
If you sell an option and get assigned, you have to fulfill the transaction outlined in the option. You can only get assigned if you sell options, not if you buy them. Assignment is relatively rare, with only 7% of options ultimately getting assigned.