The trader must ask the broker to provide the OCC the exercise instructions if he wants to exercise the option. To have his exercise option in a specific day he must send his request before the brokerage’s firm’s time for accepting instructions for a day goes out. The exercise and assignment options are difficult near [...]
The brokers with experience can point out the exchange that will offer the best fill and they can also suggest the splitting of the order and which part to be executed in which exchange. After the order has been filled the brokerage firm is given the executions from the floor broker and then the price [...]
In options trading, a limit order refers to an options order that limits the price of purchase or sale. It puts a bar on how much you determine to spend/received on an options position. It also can give you a chance to get better deal. For example, if you decide to buy an IBM call [...]
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