TWS Click the Account (or Trade) menu followed by Option Exercise. Choose the option(s) and select " Exercise" to exercise the entire position, " Partial" (when applicable) to exercise or lapse portion of the position, or " Lapse" (only available on the last trade date). The instruction is shown on an order row. Click " T" to transmit the instruction. Right-click and select " Discard Modifications" to discard without submitting. You can make the option exercise request final and unable to be cancelled or editable until cutoff time (varies by clearing house). In TWS, click File (or Edit) and select Global Configuration followed by Orders and Settings. Choose "final and cannot be cancelled" to allow for instant delivery of the stock. Please note, some contracts will not follow this rule and will remain revocable up until the clearing house deadline. MEXEM Mobile Tap the Menu icon followed by Option Exercise Tap on the option you wish to exercise followed by "Exercise/Lapse" If you wish, check the box to "Allow exercising out-of-money" followed by the number of contracts you wish to exercise or lapse. Once complete, tap the Submit button If there is a warning message, please read it, and if you wish to proceed tap "Override and Transmit". A summary page will populate.
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