When will the clearing house exercise my option position?

Yes. Options that are in-the-money by $0.01 or more at expiration are automatically exercised by Apex Clearing, TradeZero America's clearing firm — this is known as "exercise by exception."

Important:

• In certain circumstances, exercise by exception may be disabled for a specific option series, meaning it will not be automatically exercised unless you submit exercise instructions yourself
• You are responsible for monitoring your positions and submitting instructions when needed
• Ensure you have sufficient equity to support any resulting position
• See "What is the cutoff to submit Do Not Exercise or Exercise instructions?" for the relevant deadline