You can use the Option Exercise tool to early exercise an American style long option in the Paper Trading account. You can also simulate using the Option Exercise Tool’s “Lapse” feature in the Paper Trader but entering contrary Lapse Instructions is only allowed on the long option’s Last Trade Date.
Can I exercise a long call option in a demo Paper Trading account?
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How do I exercise an option?
When do I have to exercise my call to get the dividend?
Can I exercise or lapse an option in Client Portal?
Can I automatically early exercise my option when the underlying reaches a price?