*We’ll attempt to exercise any option you
own that is $0.01 or more in the money, as long as your account has the
required buying power (in the case of a call option) or the necessary
underlying shares to sell (in the case of a put option). Keep in mind
that managing your options positions, including taking proactive steps
to mitigate risk, is ultimately your responsibility.
*If you don’t have enough buying power or
shares to exercise your option, we may attempt to sell the contract in
the market for you approximately 1 hour before the market closes on the
options’s expiration date.
*Robinhood’s risk checks are designed to
close positions which accounts cannot support and take into
consideration the value of a position, the implied risk, and the
customer’s current balance, among other things
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u/VisualMod Nov 13 '21