How do I exercise my options contract? (Can I exercise my options contract before the expiration date?)
You can choose to exercise your options contact us through the Help Center or by contacting a broker. A submission of an exercise request does not guarantee that the exercise will be accepted. Please keep in mind, exercise requests are done on a best-effort basis as it is currently a manual process. The underlying may fluctuate between the time your instruction is received and the submission of the exercise.
What will happen to my account if I exercise my option contact?
If you would like for us to manually exercise your contract before the expiration date, the following will happen depending on the contract:
With a cash account, your cash will be frozen until the exercise is processed.
With a margin account, your buying power will be frozen until the exercise is processed.
The positions/Cash in question will be frozen until the exercise is processed.
What is the DNE button for?
You may find a “DNE” button when placing option orders or by selecting the position. DNE stands for Do-Not-Exercise.