To exercise your option contract(s), simply send an email detailing the below:
Your full name, and Firstrade account number
The number of contracts you would like to exercise
The underlying symbol, expiration, and strike price
Note: Exercise-requests have to be submitted before 4:30PM ET on the trading day prior to the last trading day of the option contract.
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. Please also be aware of the risks listed in the following documents: Day Trading Risk Disclosure Statement. Examples contained in this article are for illustrative purposes only. Supporting documentation for any claims, if applicable, will be provided upon request.