any option sellers

Discussion in 'Options' started by phil413, May 7, 2012.

  1. just read that entire thing,

    what im getting from that is i may have to notify my broker to exercise the long. so that being said, on expiration day, you can exercise the long and potentially have your short expire worthless if that day the stock closes below your short position?
     
    #331     Mar 7, 2014
  2. Check your brokers auto exercise policy. Mine says if a long option still has time premium on it, as in a calendar, they will not auto-exercise unless the account has insufficient margin.

    If the short is close to the money, there is always a chance it might go out of the money in after hours trade and expire worthless.
     
    #332     Mar 7, 2014
  3. yeah ill do that, thanks. just interactive brokers is terrible with customer service.
     
    #333     Mar 7, 2014
  4. Why don't you try your luck with Google?

    I put in this query;

    "interactive brokers options expiration exercise policy"

    One of the top results gave this page;

    http://ibkb.interactivebrokers.com/tag/expiration

    Scroll down to the FAQ, lots of info there.

    I generally don't bother asking anyone anything until I have exhausted my options with Google.
     
    #334     Mar 7, 2014
  5. yeah ive used google and wasnt able to find anything..thanks for youe help.

    im just gonna call them and ask.
     
    #335     Mar 7, 2014
  6. SIUYA

    SIUYA

  7. zdreg

    zdreg

    you are not helping him. he has been spoon fed his entire time in school. i told him previously what words to use in a google search:if you had used your education the question about option exercise would never have been posted. it is obvious that you did not goggle options automatic exercise.

    what you are doing is reinforcing bad habits of spoon feeding and a sense of entitlement which leads to intellectual laziness and dependency on others.
     
    #337     Mar 7, 2014
  8. I'm getting the feeling you're right.
     
    #338     Mar 7, 2014
  9. okay zdreg, I'm sorry. I shouldn't have called you condescending.

    If thats what you're looking for, there it is. I could easily just not come to this thread, but I'm man enough to at least apologize when I know I've over reacted and continued this argument this far.
     
    #339     Mar 7, 2014
  10. zdreg is correct; you desire to be spoon-fed. Stress trades in excel, ToS, etc., and do some work on your own. Trading is a heuristic. You ask questions and then argue about the intention of the responders.
     
    #340     Mar 7, 2014