How do I exercise an Equity Options contract?

To exercise an Equity Options contract, you need to notify CommSec prior to 4.20pm Sydney time for it to be exercised on that day. We will only accept verbal instructions to exercise the contract. CommSec will then notify ASX Clear who will randomly determine which writer will be allocated to the trade.

Please note: An American contract can be exercised any time up to and including the expiry date. A European contract can only be exercised on the expiry date.

For more information, please call the CommSec Options Desk on 1800 245 698 or if calling from overseas +61 2 9115 2990 (8am to 5:30pm, Monday to Friday, Sydney time).



This site is directed and available to and for the benefit of Australian residents only. © Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 ("CommSec") is a wholly owned, but non guaranteed, subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 and both entities are incorporated in Australia with limited liability.

By clicking on the "Download the CommSec App" buttons above, you will be directed to or These sites are not affiliated with CommSec and may offer a different Privacy Policy and level of security.