OCC automatically assigns any in-the-money options. Easy to understand if the stock traded close to 4PM, so moneyness is clear. But what if for a stock not traded much before market close? The OCC website only says **closes in-the-money** without elaborating which price is used.
Say, I am long XYZ 100 call. It traded at 100.2 at 3:50 and nothing after, the quotes moved to 99.92-99.96 at 4:00. Is it **ITM** and will be automatically exercised, so I need to notify the broker of my exercise decision?
Say, I am long XYZ 100 call. It traded at 100.2 at 3:50 and nothing after, the quotes moved to 99.92-99.96 at 4:00. Is it **ITM** and will be automatically exercised, so I need to notify the broker of my exercise decision?
