By how much does an option have to be in-the-money for automatic exercise to take place at expiration?

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By how much does an option have to be in-the-money for automatic exercise to take place at expiration?

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Automatic expiration takes place only at expiration and not before. To be automatically exercised at expiration, an option needs only to be in-the-money by the smallest price increment possible (e.g., a quarter tick). At expiration, all in-the-money Eurodollar options are exercised automatically, in the absence of contrary instructions delivered to the Clearing House.

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