How do I exercise a future option?

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It is not possible to early exercise a Future Option using the Option Exercise Tool. In order to request an exercise, you must submit a written request via the Message Center. Log in to Client Portal, click on the Help followed by Secure Message Center, then click Compose followed by New Ticket. Please select Trade Issues as the ticket category followed by Liquidation, then type "Option Exercise Request" as the subject along with detailed instructions of the contracts you want to early exercise in the body of the message. Future Option exercise requests are processed by the exchange in the evening and positions are updated to your account overnight.

Please Note

• Not all Future Options allow the early exercise of contrary instructions for lapsing a Future Option. A list of such Future Options can be found on the CME's website.
• Option Exercise Requests may be submitted as follows: