Basics
Automatic Exercise
ITM options auto-exercise at expiration
What is Automatic Exercise?
Automatic Exercise Options that are in-the-money by $0.01 or more at expiration are automatically exercised by the OCC (Options Clearing Corporation) unless the holder instructs otherwise.
Complete Definition
Options that are in-the-money by $0.01 or more at expiration are automatically exercised by the OCC (Options Clearing Corporation) unless the holder instructs otherwise.
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