What can happen to my option position at expiration?
If you do not have the buying power or cash available in your account to hold the exercise or assignment on the last trading day, your position may be closed out prior to the close of business. We may also elect to not exercise your long option position. Please remember that your short option can also be assigned at any time on a random basis even though it is out of the money. For more information about random assignments, please click here.