What will happen to my Options contract on expiry?

In the Money (ITM) Options Contract:

Long Call Options contracts that are ITM will be exercised on expiry if you have sufficient buying power. Your position may be auto-liquidated before the market closes if you do not have sufficient buying power or have submitted a Do not Exercise (DNE) request.

Long Put Options contracts that are ITM will be exercised on expiry if you have sufficient underlying securities, or you may end up with a short position if the underlying securities allow shorting. If you do not have sufficient underlying securities, the securities do not allow shorting, or you have submitted a DNE request, your options position may be auto-liquidated before the market closes.

Covered Call Options contracts may be exercised by the buyer, and you will be required to deliver the underlying shares to the buyer.

Covered/Cash Secured Put Options contracts may be exercised by the buyer, and you will be required to receive the underlying shares from the buyer.

Out the Money (OTM) & At the Money (ATM) Options Contract:

OTM & ATM Options contracts may expire worthless on the stated expiration date regardless.

Note:

1. Auto-liquidation is subject to market liquidity and is not guaranteed.

2. Auto-liquidation is submitted using Market Order.

3. Short selling is only applicable to clients with a margin account.

Options are complex financial products. As such, you must ensure you have read and understood our Standard Client Agreement, Target Market Determination, Product Disclosure Statement, and Characteristics and Risks of Standardised Options. For more information, please refer to Terms and Conditions