Is it possible for me to “give-up exercise” for an options contract?

If you want to give-up the exercise right of an in-the-money option, you may:

  • Sell the option in the open market and keep the gain.
  • Send an email to at least three hours prior to the market close.

Your email should be in the following format and be sent from the email account that is registered with your account:

Subject: 7XJ00000 – Give-up Options Exercise - 3 contracts of ABC290122C300

Message Body:My account number is 7XJ00000. I want to give up my exercise rights on ABC290122C300 for 3 option contracts. I acknowledge the risk of forgoing my exercise rights and that the option contract(s) will expire worthless.