Friday or saturday?

Sorry for the confusion on my previous post. I meant the buyer of the option may have to request that their option be exercised if it is only slightly ITM (<$0.05).
As was pointed out, the seller of that same option does not have that choice.
 
Quote from TheGoonior:

Sorry for the confusion on my previous post. I meant the buyer of the option may have to request that their option be exercised if it is only slightly ITM (<$0.05).
As was pointed out, the seller of that same option does not have that choice.
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All options that are ITM by 0.01 at expiration are automatically exercised, unless you specifically request otherwise!
 
Quote from MTE:

All options that are ITM by 0.01 at expiration are automatically exercised, unless you specifically request otherwise!
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I just called my broker and this was confirmed by him. I have until 4:30pm EST to call him and give him instructions not to exercise that option.
 
Thanks for the details At least I now have a better understanding of the process of Assignment etc..

I noticed that GE IV has dropped over the last few days. Even on my short put options I sold for GE as well.
 
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