Exercise Options
Options are exercised or lapsed from the API with the function EClient.exerciseOptions.
- Option exercise will appear with order status side = “BUY” and limit price of 0, but only at the time the request is made
- Option exercise can be distinguished by price = 0
EClient.exerciseOptions (
tickerId: int. Exercise request’s identifier
contract: Contract. the option Contract to be exercised.
exerciseAction: int. Set to 1 to exercise the option, set to 2 to let the option lapse.
exerciseQuantity: int. Number of contracts to be exercised
account: String. Destination account
ovrd: int. Specifies whether your setting will override the system’s natural action.
Set to 1 to override, set to 0 not to.
For example, if your action is “exercise” and the option is not in-the-money, by natural action the option would not exercise. If you have override set to “yes” the natural action would be overridden and the out-of-the money option would be exercised.
manualOrderTime: String. Specify the time at which the options should be exercised. An empty string will assume the current time.
Required TWS API 10.26 or higher.
)
Exercises an options contract.
Note: this function is affected by a TWS setting which specifies if an exercise request must be finalized.