Exercise/Lapse Options

Instructions

The Exercise/Lapse Options tools allows investors to exercise options prior to their expiration date. To do so, please take the steps outlined below.

  1. Click the Trade tab followed by Exercise/Lapse Options
  2. A list of long options positions will populate.
  3. Each option position will show a OTM or ITM tag
    • OTM: Out-of-the-money
    • ITM: In-the-money
  4. To exercise an option, select the options position from the list populating.
  5. Input the number of contracts to exercise.
  6. If the option is OTM, select Allow Exercise.
  7. Select Submit.

 

Additional Resources