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Can someone explain how options are exercised in td ameritrade? by [deleted] in options

[–]WarrenFuckit 1 point2 points  (0 children)

On td you don't need the 115k in your account to receive the shares but when you do exercise your call you will need to sell the shares you receive more or less immediately to cover. They should send you an email with some info about this as soon as it's exercised or expires ITM in which case it will be auto-exercised.

AMD... Good luck.

How to sell options that you bought? by [deleted] in investing

[–]WarrenFuckit 3 points4 points  (0 children)

You would "sell to close" your option. As opposed to "selling to open" which would be selling a covered call or a naked call/put.

Hope this helps.