Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Please read the Characteristics and Risks of Standardized Options and Option Spread Risk Disclosure before trading options.
You need to complete an options trading application and get approval on eligible accounts. Option investors can rapidly lose the entire value of their investment in a short period of time and incur permanent loss by the expiration date. Options trading entails significant risk and is not appropriate for all investors. Level 3 Option Spread Trading and more multi-leg strategies are available now. To learn more details about the terms and conditions of Options Trading on Webull please read the Webull Option Agreement. For Long Puts in Margin accounts that do not hold the underlying shares, an exercise may be allowed if the account can support the resulting position.
Exercise requests are done on a best-effort basis as it is currently a manual process, please see instructions here.įor Long Puts in a Cash account, options may not be exercised if there are no underlying long shares to offset the entire exercise. The cut-off time for submitting DNE instructions are up until the close on expiration date. For Long Calls in both Cash and Margin accounts, options will be liquidated if they are in-the-money upon expiration and there is not enough overnight buying power in the account to support the exercise.Ĭlients are expected to close any in the money option position 35 minutes prior to market close or else it's subject to be either auto liquidated or exercised depending if there’s sufficient equity in the account to support exercise or not.
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