Re:Basic Option Strategies
by tocomment on Tuesday November 13, 2012 @03:08PM
(#4780296)
Do brokers typically exercise your options for you automatically at the end of the term or do you lose all the money if you forget?
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They'll usually either be exercised or settled for cash if they're profitable. You should look into your broker's policy, though - if they're exercised, you should be sure you have enough capital to cover the position.
You should also not be in a position to forget about your options - they can move very quickly and forgetting about the position can cost a lot of money.