To exercise or lapse an option in IBKR Mobile:
- In your Portfolio, tap the option position twice to open it in Quote Details.
- Tap the Overflow menu (three dots) in the top right corner and then tap Exercise/Lapse.
- Follow the prompts to complete the action.
- 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.
If you have a time sensitive issue and need help exercising a long American style option you must call the IBKR Trade Desk.
Option Exercise requests may be submitted up until the times listed on the IBKR web page for Delivery, Exercise and Corporate Actions. Option Lapse requests are only available on the last trade date.
Important Note
- In the event that an option exercise cannot be submitted via the trading app, an option exercise request with all pertinent details (including option symbol, account number and exact quantity), should be created in a ticket via the Client Portal window. In the Client Portal select the Messages menu, then click on Compose followed by New Ticket. Select Trade Issues as the category and Liquidation as the topic. The ticket should include the words "Option Exercise Request" in the subject line. Please provide a contact number and clearly state in your ticket why the TWS Option Exercise window was not available for use.
Additional Information