When are my options automatically exercised?

Options are typically exercised automatically if they are in-the-money at expiration.

How it works:

• Options may be automatically exercised if they are at least $0.01 in-the-money at expiration
• In certain situations, automatic exercise may be disabled, and instructions may be required

Important:

• You are responsible for monitoring your positions and submitting instructions when needed
• Ensure you have sufficient equity to support any resulting position"