The document provides information on the exercise and settlement of options, including the rules and procedures applicable to exercising options, the importance of understanding these procedures for both option holders and writers, and the process for exercising options. It also discusses the automatic exercise of certain options and the need for option holders to instruct their brokerage firms to exercise options before the firm's cut-off time.
documents/vol00010-efta01353442-pdf.pdf
{"document_type":"other","document_subtype":"instructional","key_organizations":["OCC"],"reference_numbers":["EFTA01353442"]}