![]() Also, options rolling is only available in margin accounts. Keep in mind that options rolling involves simultaneously closing a position (realizing any gains or losses) and opening a new one. To avoid this, you can close the position or roll it to a later date prior to the last thirty minutes of trading (before 3:30PM ET on normal trading days). For example, if you have 10 contracts, but only enough buying power to purchase 500 shares, we may attempt to sell 5 contracts and allow 5 contracts to be exercised for a total of 500 shares. If you don’t have enough buying power to purchase the underlying shares, we may attempt to sell the option.If the contract is in the money (or at risk of being in the money), we’ll review your account to see if you have enough buying power to purchase the underlying shares.The cut-off time for submitting a Do-Not-Exercise request is 5 PM ET.You have asked Robinhood to submit a Do-Not-Exercise request on your behalf.The exercise would result in a short stock position.You don’t have sufficient buying power.If your option is in the money at the close, Robinhood will attempt to exercise it for you at expiration unless: 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.If you don’t have enough buying power or underlying shares to exercise your option, we may attempt to sell the contract in the market for you within the last thirty minutes before the market closes on the options' expiration date. ![]() Keep in mind that managing your options positions, including taking proactive steps to mitigate risk, is ultimately your responsibility. ![]() We’ll attempt to exercise any option you own that is $0.01 or more in the money, as long as your brokerage 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).There are a few important things to keep in mind as the expiration date of your option contract nears: ![]()
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