How do I exercise an Equity Options contract?

Long in the money Options positions will be automatically exercised on its expiry date in accordance with the CommSec Automatic Exercise terms unless we have accepted a request you have made to not automatically exercise the option.

If you wish to exercise an option before its expiry date (and it is eligible to exercise early), you can do so by contacting the CommSec Options Desk via telephone prior to 4.30pm, Monday to Friday Sydney time for the Options contract to be exercised on the day.

Please note: There are two different exercise styles for exchange traded options traded on ASX. American style, which means the option can be exercised at any time prior to the expiry; and European style, which means the option can only be exercised on the expiry day. 

For more information, please call the CommSec Options Desk on 1800 245 698 or if calling from overseas +61 2 8397 1374 (8am to 5:30pm, Monday to Friday, Sydney time).

 

© 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. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

The information on this page has been prepared without taking into account your objectives, financial situation or needs. For this reason, any individual should, before acting on this information, consider the appropriateness of the information, having regards to their objectives, financial situation or needs, and, if necessary, seek appropriate professional advice.

CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content on this page, including any third party sourced data, nor does it accept liability for any errors or omissions.

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