Last Monday I bought FB 64.50 weekly calls that expired Friday and didn't sell them. I figured I lost, but FB closing price was 64.50 at expiration. Wondering if I will be assigned stock and when? I am a new trader at interactive brokers. Thanks.
When you buy a Call you have the RIGHT but no the obligation to exercise. In this case you have lost your money but the stock it is not assigned to you!
As you probably know, options automatically exercise at most brokers if they are .01 or more in the money. Of course, you can call your broker and make sure that they don't exercise, and that would have been the best option here. The real problem is: what is the official closing price? I wouldn't trust any quote service enough; call your broker before 5pm est on the day of expiry.
NASDAQ Official Close Price 64.50 FB Options were removed this morning from my account. You are right if the official close was 64.51 would have been auto assigned and lost more money as the stock is now 64.38. Was a good lesson to use ib Option Exercise tool and Lapse(don't exercise) before the close on expiration.