InvestorsHub Logo
Followers 2568
Posts 303175
Boards Moderated 29
Alias Born 04/12/2001

Re: Dead On Arrival post# 23487

Thursday, 06/20/2024 4:48:36 PM

Thursday, June 20, 2024 4:48:36 PM

Post# of 23907
They will not be automatically exercised unless they're in the money:

Automatic exercise is a procedure implemented to protect an option holder where the Option Clearing Corporation (OCC) will automatically exercise an "in the money" option for the holder, typically at an option's expiration date and time. For ordinary listed equity options in the United States, expiration typically falls at the end of trading on the third Friday of every month.

With automatic exercise, a trader or investor who forgets about the date, or who is otherwise unable to manually instruct their broker or clearing firm to exercise their in the money options, will have the benefit of having their profitable contracts taken care of on their behalf.

https://www.investopedia.com/terms/a/automaticexercise.asp

Will they be in the money? It looks now as if they will be, but expiry day can be wild, so...
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GME News