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 Video
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 is expiration risk (equity options)?
Why did the risk team close my position? In short, it is to eliminate expiration risk Expiration risk refers to the potential of creating a large, unhedge...
What is tastyworks’ expiration risk process?
Did someone close out of my position? Our risk team may intervene if they do not receive notice The tastyworks risk team monitors potential expiration ris...
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 ...
What Happens at Expiration to a Cash-Settled Index Option Position?
How are cash-settled options handled at expiration? First, do you have an AM or PM expiration option? Remember the adage “what you see is you what you get...
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, SOX, & XAU (whi...
How do I exercise my long options?
Before requesting an exercise request Were you assigned early on a spread? Were you assigned on a spread and looking to exercise your long leg? A covered ...
When are options automatically exercise?
When a long option automatically exercises In-the-Money (ITM) Options Automatically Exercise The Options Clearing Corporation (OCC) will automatically exe...
Why would a short option be assigned early?
A short option can typically be assigned at any time because the long option holder has the right to exercise whenever they want. However, there are three p...