Straight bull trade

[moolah]

Let's say i put in a straight bull trade, which expires in one month. However, after the trade is filled, i totally forget i have an open position. What happens upon expiry if the trade is in the money? Does the system auto-exercise for me?

 

[gaussian]

So googling straight bull took me to pornhub...you're going to have to explain what you mean.

 

[moolah]

Ok, what i meant was Purchasing a Call with the anticipation the price of a stock will go up in value upon expiry

 

[gaussian]

Ok, what i meant was Purchasing a Call with the anticipation the price of a stock will go up in value upon expiry

Most brokers will auto-assign you the stock you called.

In fact, I can't think of a single broker that wouldn't. Generally you have to call the trade desk and say something like "hey, I would really like to not own this".

Check the OCC. This really is a trivial question.

 

[tomorton]

So googling straight bull took me to pornhub...you're going to have to explain what you mean.

We've all tried telling that story to the HR Manager - Oh, I just got here by accident, honest......

 

[dozu888]

Shouldn’t have bot a straight bull if you didn’t even know what it does.

 

[Option_Attack]

Sometimes GOOG gets it right!

So googling straight bull took me to pornhub...you're going to have to explain what you mean.

 

[ironchef]

Most brokers will auto-assign you the stock you called.

In fact, I can't think of a single broker that wouldn't. Generally you have to call the trade desk and say something like "hey, I would really like to not own this".

Check the OCC. This really is a trivial question.

And if you have insufficient funds but ignore the margins call?

They will auto-liquidate and hopefully you end up with a profit after transaction costs?

 

[TradeZero_Billy]

Let's say i put in a straight bull trade, which expires in one month. However, after the trade is filled, i totally forget i have an open position. What happens upon expiry if the trade is in the money? Does the system auto-exercise for me?

If your options are in-the-money by $0.01, your options will be automatically exercised on option expiration day