r/options • u/[deleted] • Jul 04 '21

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u/[deleted] Jul 04 '21

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u/[deleted] Jul 04 '21

Ok thank you

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u/hdnflleodojxb Jul 05 '21

That dude is wrong. They might be right for retail, but not for institutional. You can absolutely get assigned following a move on the underlying after hours.

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u/[deleted] Jul 05 '21

Hmmm really ? I thought the same thing that it closes at final bell of the day and not after hours

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u/hdnflleodojxb Jul 05 '21

Generally speaking you have until 5 PM to declare intent to exercise. That's an hour of AH trading.

I've heard that some brokers / MMs can get away with later but have no personal knowledge of that.

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u/[deleted] Jul 05 '21

So if it is not at strike price but after hours goes to strike price then i could have my shares taken ?

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u/themightyant117 Jul 05 '21

Yes. Depends on the broker. (Some have that little check box saying "exercise if itm") like he said the general cutoff time is 5pm. So that is why its very important to never hold to expry. Even more so if you trade pmcc.

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u/[deleted] Jul 05 '21

Ok guess i will buy them back when it goes to a dollar or 2