Expiration, Exercise, & Assignment

Did your long or short option position turn into stock? Take a gander in this folder to learn more about your situation.

I got assigned on a spread, help! How to set up a Covered Stock Order
If you’re reading this, then you probably got assigned early on a defined-risk spread. No need to worry, an assignment is a part of the short premium game...
What happens to equity/ETF options at expiration?
Life is like a portfolio of options - when we approach expiration, we aren’t always sure what we’re going to get. Don’t worry, here’s a refresher to see wha...
What happens to equity/ETF spreads at expiration?
Do you have a spread (or vertical) facing expiration and don't know what will happen to it? Well, you've come to the right place. Below are three ...
I was assigned so should I exercise my long option?
To exercise or not to exercise -  that is the question. We’re not talking about working on your summer bod’. Today, we’re talking about exercising long opti...
What Happens at Expiration to a Cash-Settled Index Option Position?
Remember the adage “what you see is you what you get”? We’re here to tell you: that DOES NOT apply to cash-settled indexes. Unlike trading in equity/ETF opt...
Table of Expiration and Settlement of Cash-Settled Indexes
Monthly/Weekly Summary All of the options listed on the indexes below are cash settled. They are all European-style options except OEX (which is American-s...
How do I exercise my long options?
If you would like to exercise an option early, you must submit an exercise request to our Trade Desk (tradedesk@tastyworks.com) by 3:30 PM CT (Chicago time)...
When do options automatically exercise?
In-the-Money Options Automatically Exercise The Options Clearing Corporation (OCC) will automatically exercise any expiring options that close in-the-money...
How do I stop my option from automatically exercising? (DNE Request)
If you land in a situation where one of your long option(s) position expires in-the-money that would be automatically exercised, and you do not want the res...