Hi, Maybe this question belongs in the energy futures section... since it relates to heating oil. In any case... On the HO options expiring yesterday, I had two short *OTM* options that were subsequently exercised. Strike was 1.95, and settlement was 1.9508. (And market traded above 1.95 consistently after settlement.) I was surprised. I've seen ITM options right at the market abandoned before, but I didn't even know there was a procedure for exercising OTM options. (And don't ask me for the logic behind the move...) So, basic question: 1) is this pretty common? 2) and a less answerable one... why!?