Assignment isn't the trade going wrong: UPS, from a real recent trade
One real trade from the CCO paper wheel, and the wheel-strategy concept it illustrates.
What actually happened: Assigned 100 shares at $95.00. Acquired into portfolio.
Assignment isn't the trade going wrong
Getting assigned on a cash-secured put means the stock finished below the strike and shares get put to you at that price. Within the wheel, that's not a failure state -- it's stage two. The premium already collected lowers the effective cost basis, and the position immediately becomes eligible for covered calls instead of cash-secured puts.
This is a real trade from CCO's paper wheel, not a hypothetical -- the numbers above are exactly what the account did, not a textbook example built to illustrate the concept cleanly.