On expiration day, option position(s) without sufficient account cash balance/buying power/positions(s) to support exercise/assignment will be subject to forced liquidation starting at 3:30 PM EST.
All un-executed same-day expiring opening-position option orders (both Day Orders & GT90 Orders) will be cancelled at 3:25 PM EST.
As a reminder, same-day expiring opening-position option orders cannot be placed or edited after 3:00 PM EST.
Disclosures
Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Firstrade does not guarantee favorable investment outcomes, and there is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. To learn more about the risks associated with options, please read the Characteristics and Risks of Standardized Options before you begin trading options.