Straight bull trade

Let's say i put in a straight bull trade, which expires in one month. However, after the trade is filled, i totally forget i have an open position. What happens upon expiry if the trade is in the money? Does the system auto-exercise for me?

 

So googling straight bull took me to pornhub...you're going to have to explain what you mean.

 

Ok, what i meant was Purchasing a Call with the anticipation the price of a stock will go up in value upon expiry

 

Most brokers will auto-assign you the stock you called.

In fact, I can't think of a single broker that wouldn't. Generally you have to call the trade desk and say something like "hey, I would really like to not own this".

Check the OCC. This really is a trivial question.

 

We've all tried telling that story to the HR Manager - Oh, I just got here by accident, honest......

 

Shouldn’t have bot a straight bull if you didn’t even know what it does.

 

Sometimes GOOG gets it right!

 

And if you have insufficient funds but ignore the margins call?

They will auto-liquidate and hopefully you end up with a profit after transaction costs?

 

If your options are in-the-money by $0.01, your options will be automatically exercised on option expiration day