Filed Under:

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.

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