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How to Exercise Long Options



How can I exercise long options?

Our clients have the ability to exercise equity options that they hold long in their account.


Where should I go to exercise my options?


Log into Trader Workstation and then,

> Go to the Trade menu

> Select Option Exercise

 The Option Exercise window will appear and the Current Long Option Positions box will populate with those options held long in the account.


To exercise one of these options:

Left-click on the option desired so that it is highlighted.

Click the Exercise button (Located in the bottom left corner of the Option Exercise window.) 



Options Exercise


A window will appear allowing traders to adjust the number of contracts to be exercised. This window will also warn traders that are submitting an exercise request for positions that are out of the money. To exercise out of the money options, traders must check the box that says Allow exercising out of money options.


 Options Exercise


Once this is done the option will move into the Outstanding Exercises box until the clearinghouse processes the request. Once the option is moved to the Outstanding Excercises box, the action/request is irreversible.






Related Articles


Account holders should refer to the Characteristics and Risks of Standardized Options disclosure document which is provided by Place Trade to every option eligible customer at the point of application and which clearly spells out the risks of assignment. This document is also available online at OCC's website.

Delta: A measure of sensitivity which is derived from an option pricing model. It measures how much an option's price will change for one unit of change in the underlying stock price.




Get a free copy of the OIC's Characteristics and Risks of Standardized Options to read prior to investing in options

Download Characteristics and Risks of Standardized Options  




Where can I get more Free Options Education and Information?

Options involve risk and are not suitable for all investors. For more information; please read “Characteristics and Risks of Standardized Options” before investing in options. For a free copy call 1-800-50-PLACE or 1-919-719-7200 or visit the OCC. There is no guarantee of execution. Orders will be routed to US options exchanges.

Any trading symbols displayed are for illustrative purposes only and are not intended to portray a recommendation. 

How To Place An Options Trade





Open your account and begin taking advantage of our many options trading tools, live virtual trading account (Paper Trader) to test your investment strategies, deep discount commissions and ultra-low margin rates today. Call us today at 1-800-50-PLACE (1-800-507-5223) or 1-919-719-7200 if you have any questions or need any help at all.