Selling Put - my 2nd Option trade ever! · Invest & Retire Community

Selling Put - my 2nd Option trade ever!

Hello friends! I am new and just executed my second option trade... Sold a Put for TSLA (now at 186) with strike price of 175 expiring Feb.23. So, if at expiration TSLA is above 175, I just made $113? but if Tesla is at 175 or below, they will take out $17,387 of my account and I will own 100 TSLA stocks? In any of this scenario, is there anything I need to do/click come 2/23? orthis happens automatically? Also Is the commission/fees below a deal or reasonable, comparable to other brokerage?

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