The document discusses the importance of brokerage firms' cut-off times for accepting exercise instructions for options before expiration. It highlights the procedures for automatic exercise of in-the-money options and the potential for exceptions in unusual circumstances. The document also mentions the role of the Options Clearing Corporation (OCC) in the exercise process and the conditions under which exercise instructions can be revoked.
doj/DataSet10/EFTA01393125.pdf
{"document_type":"other","key_organizations":["Options Clearing Corporation (OCC)"]}