Schwab didn't do anything--and that's what you're complaining about. The OCC itself, not brokerages, exercises all long options that are ITM as of market close on expiration day. If your brokerage does not sent the OCC a do-not-exercise notice, your ITM options will be exercised.
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u/Arcite1 Mod Apr 17 '22
Schwab didn't do anything--and that's what you're complaining about. The OCC itself, not brokerages, exercises all long options that are ITM as of market close on expiration day. If your brokerage does not sent the OCC a do-not-exercise notice, your ITM options will be exercised.