What happens if my option expires in the money?
If you hold an option through expiration and it finishes in the money, your broker automatically exercises it for you—no action needed on your part, but real shares will change hands as a result.
With a long call that expires in the money, you end up buying 100 shares per contract at the strike price. A long put works the opposite way: you sell 100 shares at the strike. If you don't have the cash or shares available, your broker might close the position for you late in the trading day, or you can simply sell the option before expiration to sidestep the whole thing.
If you're on the other side as a seller, the reverse occurs. An in-the-money short call gets your shares called away at the strike price, while an in-the-money short put forces you to buy shares. The easiest way to avoid any surprises is to close or roll whichever options are in the money before the market closes on expiration day.
Solo per uso didattico. Le quotazioni sono ritardate di circa 15 minuti e nulla di ciò che è riportato qui è consulenza finanziaria. Il trading di opzioni comporta un rischio sostanziale di perdita. Privacy · Terms.