Frequently Asked Question
All of these apply to an option exercise notice EXCEPT:
A. It is made through the OCC.
B. It must be executed by 4:30 p.m. CT the day before the expiration date.
C. It is not executed if the option expires.
D. It is determined on a random or FIFO basis.
Correct answer: D
This is true of assignment, not exercise notice.
B. It must be executed by 4:30 p.m. CT the day before the expiration date.
C. It is not executed if the option expires.
D. It is determined on a random or FIFO basis.
Correct answer: D
This is true of assignment, not exercise notice.
by
Peter Cherewyk
Peter Cherewyk has worked in the financial field for over 10 years. He completed his Bachelor of Commerce from the University of Alberta, and is currently working towards a Chartered Financial Analyst designation. He enjoys hockey and hiking and the opportunity to teach others.
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