What time does IB auto-liquidate exp. day ITM options -Excess post expiry

N

NoVoodooHere

It's Expiration minus 2hrs & I've got some hair-trigger stuff on slightly ITM long, I don't recall but would greatly appreciate if anybody here can tell me off top of their head what time does IB auto liquidation kick in for post-expiry excess.

Thx
 
If you don't want them to be exercised I would exit the positions myself - unload them at the bid before the market closes.



:)
 
I believe it's any time after 3pm. When it's happened to me, it's generally been between 3:10 and 3:30pm.

The premium you'll gain by waiting til the last hour could be more than lost with a bad fill. If the bid/ask are wide at the time they liquidate, it could be ugly. I always do my own these days.
 
Yep... and you never know if a certain market maker like let's say... Timber Hill, will be ready to give you that bad fill as well. If there's any doubt on things - close it.
 
debitspread said:
Generally good advice, but IB chat help tends to be vague and CYA'ish. They're reluctant to commit the firm to any specific course of action or inaction.
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Then you're asking it wrong. Ask in a vague-ish manner to let them know they won't be held liable, in the American lawsuit-happy world, it's what's needed to get things done.
 
d08 said:
Then you're asking it wrong. Ask in a vague-ish manner to let them know they won't be held liable, in the American lawsuit-happy world, it's what's needed to get things done.
More...

Largely agree, but then you have no recourse if/when they don't behave as you understood from the wink 'n' nod discussion.
 
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