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any option sellers
- Thread starter phil413
- Start date
just read that entire thing,
what im getting from that is i may have to notify my broker to exercise the long. so that being said, on expiration day, you can exercise the long and potentially have your short expire worthless if that day the stock closes below your short position?
Check your brokers auto exercise policy. Mine says if a long option still has time premium on it, as in a calendar, they will not auto-exercise unless the account has insufficient margin.
If the short is close to the money, there is always a chance it might go out of the money in after hours trade and expire worthless.
Why don't you try your luck with Google?
I put in this query;
"interactive brokers options expiration exercise policy"
One of the top results gave this page;
http://ibkb.interactivebrokers.com/tag/expiration
Scroll down to the FAQ, lots of info there.
I generally don't bother asking anyone anything until I have exhausted my options with Google.
I put in this query;
"interactive brokers options expiration exercise policy"
One of the top results gave this page;
http://ibkb.interactivebrokers.com/tag/expiration
Scroll down to the FAQ, lots of info there.
I generally don't bother asking anyone anything until I have exhausted my options with Google.
took 2 seconds
"interactivebrokers auto exercise"
http://ibkb.interactivebrokers.com/tag/exercisedelivery
http://ibkb.interactivebrokers.com/article/1718
https://www.interactivebrokers.com/en/index.php?f=deliveryExerciseActions&p=optionEx
"interactivebrokers auto exercise"
http://ibkb.interactivebrokers.com/tag/exercisedelivery
http://ibkb.interactivebrokers.com/article/1718
https://www.interactivebrokers.com/en/index.php?f=deliveryExerciseActions&p=optionEx
you are not helping him. he has been spoon fed his entire time in school. i told him previously what words to use in a google search:if you had used your education the question about option exercise would never have been posted. it is obvious that you did not goggle options automatic exercise.
what you are doing is reinforcing bad habits of spoon feeding and a sense of entitlement which leads to intellectual laziness and dependency on others.
you are not helping him. he has been spoon fed his entire time in school. i told him previously what words to use in a google search.
I'm getting the feeling you're right.
okay zdreg, I'm sorry. I shouldn't have called you condescending.
If thats what you're looking for, there it is. I could easily just not come to this thread, but I'm man enough to at least apologize when I know I've over reacted and continued this argument this far.
zdreg is correct; you desire to be spoon-fed. Stress trades in excel, ToS, etc., and do some work on your own. Trading is a heuristic. You ask questions and then argue about the intention of the responders.