Common use of TO EXERCISE Clause in Contracts

TO EXERCISE. Unless you notify us otherwise, OCC will automatically exercise all options in your account that are at least US$0.01 in-the-money at the time of expiration. Absent contrary instructions from you, no positions that are in-the-money by less than US$0.01 (or that are out-of-the-money) will be exercised.

TO EXERCISE. Unless you notify us otherwise, OCC will automatically exercise all options in your account that are at least US$0.01 in-in- the-money at the time of expiration. Absent contrary instructions from you, no positions that are in-the-money by less than US$0.01 (or that are out-of-the-money) will be exercised.