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Use the Option Exercise window to exercise options prior to their expiration date, or to exercise options on Expiration Friday that would normally be allowed to lapse . You can also import a file with instructions, using the Load From File button on the bottom of the Option Exercise window.
To exercise an option
This process is irrevocable; once you commit to exercising an option, you cannot undo your actions.
Note: You cannot enter a value greater than the quantity in the Current Long Option Positions box.
The exercised option appears in the Outstanding Exercises portion of the window until it is cleared by the OCC.