By - Forward_Pass2249
Your brokerage will try to auto exercise it if it is 1 cent or more ITM at market close today. If you’re worried about the option going ITM before close, just sell it today. You can also manually override the auto exercise and tell your brokerage not to exercise if it expires ITM. You’d probably have to call to do that. That email you got is likely a generic thing everyone gets when they have expiring options. I use Fidelity and they send you an email like that a few days before expiration even if it’s fully covered or hopelessly ITM.
If worthless then nothing to be concerned about and the notice is routine for any expiring option. In the future, it is more efficient to close for a few cents when it was still worth that much to move on to the next trade.
I’m not sure why they sent you the email. If you’re worried it might rally into the money, just sell it now. Am I missing some details?
It’s a 152.5 Call. I doubt it would rally ITM but I recently switched to Ameritrade. I just want to make sure I can leave the option alone and let it expire worthless or unexercised regardless.
Just Emil td and tell them u don't want to exercise if it's itm. If its not then disregard the email u received as it will close out on its own with 100% loss. I've had it happen to both calls and puts. In the end the otms just show up after as 100% loss, but td still emails u.
Got it. Thanks
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