QuantConnect / QuantConnect/Lean

Market Simulated Automatic Option Assignment Doesn't Take Upcoming Dividends into Account

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feature
Dominant language
C#
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Description

Expected Behavior

So if a trader is short an ITM call and the strike’s corresponding put is trading for less than the upcoming dividend, they’re more likely to be assigned.

Source: Ex-Dividend Dates: Understanding Options Dividend Risk

Actual Behavior

The automatic option assignment doesn't take upcoming dividends into account. It is natural it doesn't because Lean doesn't model upcoming dividends.

Potential Solution

N/A. We need to model upcoming dividends first.

Checklist
  • I have completely filled out this template
  • I have confirmed that this issue exists on the current master branch
  • I have confirmed that this is not a duplicate issue by searching issues
  • I have provided detailed steps to reproduce the issue

Contributor guide

Open the contributing guide

First steps

  1. Read the whole issue, then the project's contributing guide.
  2. Comment on the issue to say you are picking it up — it saves two people doing the same work.
  3. Fork the repository and make your change on a branch.
  4. Open a pull request that references the issue number.

Research direction

No files, tests, or entry points are named. Start by locating automatic option assignment and the places where dividend data could be represented, then define how upcoming dividends should affect assignment and verify the behavior with focused tests.

Written by the indexing model from the issue text.

Assessment

Tech stack
csharp
Domain
fintech-quant
Issue type
Feature
Difficulty
5/5
Estimated time
Over a week
Activity status
Stale
Clarity
Needs clarification
Newbie friendliness
25/100

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