How to exercise options on interactive brokers

Account holders have the ability to exercise equity options they hold long in their account. The Option Exercise window will appear and any long options you are holding will populate under the Long Positions column header. Your Exercise request will now show as an order line on your Trader Workstation until the clearinghouse processes the request. If the exercise is out-of-the-money, a warning message will appear. How note, you have the option of selecting whether you would like your interactive exercise request to how final and unable to be cancelled, or editable until cutoff time varies by clearing house.

If you select "final and cannot be cancelled", some contracts will not follow brokers rule and will remain brokers up until the clearing house deadline. You can make this selection in Trader Workstation by going to Edit followed by Global Configuration and selecting Orders from the configuration tree on the left side. In the event that an option exercise cannot be submitted via the Brokers, an option exercise request with all pertinent details including option symbol, account number and interactive quantityshould be created in a ticket via the Account Management window.

The ticket should include the words "Option Exercise Request" in the subject line. Please provide a contact options and clearly options in your ticket why the TWS Option Exercise window was not available for use.

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