Customers that exercise a long option contract will pay the full aggregate exercise price provided for by the option contract. We will accept exercise instructions for same-day execution on business days prior to 4:30 p.m. EST for index option contracts, and prior to 4:30 p.m. EST for equity option contracts. On the business day preceding the expiration date for any particular option contract, we’ll accept exercise instructions until 5:00 p.m. EST.
To exercise an option, please contact customer support at (888) 818-7646 with your instructions.
There is a $15.00 charge for exercises and assignments.
Automatic Exercises:
All expiring equity and index options that are at least $0.01 In the Money (ITM) will be eligible for automatic exercises at expiration—after market close on the third Friday of every month—however, SogoTrade may or may not exercise your option automatically. We may need to contact you for further instructions. If we are unable to reach you, we may not be able to proceed with the exercise. In some instances, there may not be enough equity in the account to make full settlement on the terms of the option. In others, not all ITM options have economic value and their exercise would not be in your best financial interest.
Please see the OCC’s expiration calendar at:
http://www.optionsclearing.com/publications/xcal/xcal.jsp
There is a $15.00 charge for automatic exercises and assignments.
Do Not Exercise (Contrary Exercise) Instructions:
In order to prevent the exercise of an automatic option on expiration, please contact customer support at (888) 818 – 7646 and provide your instructions.
Exercise (Contrary Exercise) Instructions:
In order to prevent the expiry of a non-automatic option on expiration, please contact customer support at (888) 818 – 7646 and provide your instructions.