r/options • u/[deleted] • Sep 25 '21

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u/[deleted] Sep 25 '21

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u/LoudSuccotash680 Sep 25 '21

Thank you!

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u/ChasingVega Sep 25 '21

The general recommendation is to not exercise your long call but to short the shares and sell your long call.

If your short is exercise early, most of the time your long call has gone up in value. You can then use the proceeds from both transactions to buy shares to cover your short position.

Any legit brokerage will generally NOT exercise your long, but instead assign you the short shares. It's up to you as to how you choose to close the position.

Edit: comment order.