Yeah that's what I would like to know
These contracts have been rolled so many times both up and down, I have no idea what I have earned on them. Though sitting on max time and with a strike too low they are not going to earn my much money right now.
The short answer is that some may get exercised and the assignment is done randomly by the OCC.
You can calculate your cost basis and profits by looking at your trade history (depends on your brokerage)
The assignment process is done at random by the Options Clearing Corporation (OCC). A trader will become more acquainted with the operations of the OCC as he or she learns to trade options. When a buyer exercises his option, the OCC will randomly connect them with a brokerage that is short on options of that equity.
When is Options Assignment Less Likely?
Even though we cannot accurately predict when an option will be exercised, there are certain indicators traders can use. These indicators are easier to see when you learn to trade options and observe market trends.
An assignment is less probable when an option is out-of-the-money. An option is out-of-the-money when the security is trading at a higher value in the market as compared to the strike price. It is rarely recommended to sell an option that is out-of-the-money. This is because if the strike price is lower than the market value, the option holder will make a loss on the contract. If the strike price is $30, and the market value is $20 and the holder exercises the call option, they will end up taking a loss since they are buying it at a higher price. As investors learn to trade options, they can better predict the time of assignment with greater accuracy.
Assignment
The holder of an American-style option contract
can exercise the option at any time before expiration. Therefore, an option writer may be assigned an exercise notice on an open short option position at any time before expiration.
If an option writer is short an option that expires in-the-money, they should expect assignment on that contract, though assignment is not guaranteed as some long in-the-money option holders may elect not to exercise in-the-money options. In fact, some option writers are assigned on short contracts when they expire exactly at-the-moneySelect to open or close help pop-up or even out-of-the moneySelect to open or close help pop-up .
This occurrence is usually not predictable.
To avoid assignment on a written option contract on a given day, the position must be closed out before that day's market close. Once assignment is received, an investor has no alternative but to fulfill assignment obligations per the terms of the contract.
There is generally no exercise or assignment activity on options that expire out-of-the-money. Owners usually let them expire with no value. Although this is not always the case as post-market underlying moves may lead to out-of-the-money options being exercised and in-the-money options not being exercised.