The Options Clearing Corporation (OCC) has received approval from SEC to reduce the automatic expiration thresholds for equity options, and will implement this change with the June 2008 Equity standard expiration, which is Saturday, June 21st 2008. The new expiration threshold will be $0.01
Under the expiration procedures, options that are in the money at expiration equal to or more than the specified threshold amount are exercised automatically unless the clearing member carrying the position instructs OCC not to exercise. For equity options, the threshold amount will be reduced from $0.05 to $0.01 for all account types.
Please call our customer support center at 1-888-882-8856 or 1-415-901-0322, if you do not want to exercise your positions.
Under the expiration procedures, options that are in the money at expiration equal to or more than the specified threshold amount are exercised automatically unless the clearing member carrying the position instructs OCC not to exercise. For equity options, the threshold amount will be reduced from $0.05 to $0.01 for all account types.
Please call our customer support center at 1-888-882-8856 or 1-415-901-0322, if you do not want to exercise your positions.
