Will I be assigned?

[sails]

Hi Sails,

Do you know if MMs are able to exercise later than the retail traders cutoff time of around 4:20pm (in my case)?

Emilov could be correct with 7pm. I think it is our individual brokers that impose time restrictions on us retail traders. I think IB is 5pm - but not entirely sure. In which case, the MMs could have another advantage.

 

[cutz]

Cutz on expiry day exercise is possible till 7pm, for anyone who holds the options.

Emilov could be correct with 7pm. I think it is our individual brokers that impose time restrictions on us retail traders. I think IB is 5pm - but not entirely sure. In which case, the MMs could have another advantage.

Thanks guys,

It's certainly an issue to watch out for. The different cutoff times was something i was never aware of, i always assumed it was the same for everyone. Little unfair IMO.