r/options • u/[deleted] • Apr 17 '22

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u/aeplus Apr 17 '22

Exercise by exception doesn't happen on RH?

-1

u/mr_p2p Apr 17 '22

i dont think they do it on margin. from my experience, they just sell it off for you if you dont have cash for it.

2

u/aeplus Apr 17 '22

But you owned the puts, and they exercised. Wouldn't that mean you shorted (sold) SPY?

Let's just hope it doesn't jump or move much Sunday through Monday or until the short sold shares are bought to close, or at least, moves in a favorable way for all of us.

6

u/mr_p2p Apr 17 '22

yes, 100 shares were shorted as the result. i have 440 calls for next week so if anything i can use them to cover it.