Options Exercise

You can exercise your options by calling us (877-495-5464) on any day during regular business hours up to 4:30 pm EST. The resulting position will be reflected in your account on the same day of your exercise.

On regular Exercise Day (the Saturday following the third Friday of each month), equity options and Index options with a value of $.01 or more will be subject to automatic exercise and/or assignment. On Saturday your in-the-money options will be removed from your account and on Sunday the resulting equity or Index position will be reflected in your account.

Please note that if you are holding in-the-money options and you do not have enough equity or you do not own the underlying, you will be responsible to cover the resulting long or short position on Monday morning. If your option is in the money but you do not want to be subjected to automatic exercise, please contact us by 4:30 pm EST on the Friday of expiration. If you do not have enough equity in your account to cover an automatic exercise, TradeKing may at its discretion let the option expire with no exercise even if, theoretically, it should have been subjected to automatic exercise.

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