How do I exercise an option contract prior to expiration?
If you trade options, it’s imperative that you understand the basics of exercise and assignment. You don’t need to know all the theoretical details, but you must be prepared for it, especially if you’re short options where you don’t control the exercise feature. Learn more in the “Exercise and Assignment, Early or Otherwise” section of the Option School section of our website. Remember that clients are required to submit an electronic exercise advice by 3:20 pm CST.
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