How do I exercise an open Exchange Traded Options (ETO) contract?
If you wish to exercise an open options contract, please call the CommSec Options Desk on 1800 245 698. Should you decide to exercise your option, you must notify CommSec by no later than 4:30pm on a trading day for it to be exercised on that day.
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.
CommSec will automatically exercise any option positions that are in-the-money on the date of expiry. Even when an option is in the money you could still make a loss after taking fees into account. If you do not want to exercise an in-the-money option, please contact CommSec on 1800 245 698 by 4:30pm (Sydney time) on the option's expiry date.
