IB and options expiration

[illiquid]

What is IB's policy if you hold a large deep in the money call position over expiration but do not have enough funds to cover the entire exercise? Do they kick you out of part of your call position on friday or do they allow the full allocation on monday and sell you out then?

 

[Trader.NET]

Why not close the position or roll it over to next month?

 

[Steve_IB]

The options are exercised and then the stock will be liquidated if you don't have enough margin to hold it.

 

[illiquid]

Tradernet - The options are fairly illiquid relative to the stock.

Steve - thanks for the quick response.