Does Etrade exercise options automatically? Automatic Exercise of In-the-Money Options The Options Clearing Corporation (OCC) will automatically exercise any expiring options that close $0.01 in-the-money or more on Expiration Day.
Can I exercise my option at any time? The holder of an American-style option contract can exercise the option at any time before expiration. Therefore, an option writer may be assigned an exercise notice on an open short option position at any time before expiration.