If you would like to exercise an option early, you must submit an exercise request to our Trade Desk (email@example.com) by 3:30 PM CT (Chicago time). Failure to do so will result in the contracts not being exercised. Additionally, your account must have the buying power to handle the exercise request. Please keep in mind that only American-style options can be exercised early. European-style options can only be auto-exercised on the last business day before expiration.
Were you assigned on a spread and looking to exercise? A covered stock order could be more favorable than an exercise request. To learn more, please click here.
To learn when options are automatically exercised, please click here.