Exercise notice

exercise notice investment & finance definition
A notice sent by an option holder to the Options Clearing Corporation, calling for fulfillment of the option's terms. The OCC will then assign fulfillment to someone short the same option.

Exercise Notice
A formal notification that the holder of an option wishes to exercise it by buying or selling the underlying stock at the exercise price.
Exercise Price (Strike Price)
The price at which an option may be exercised.

Exercise notice - A notice tendered by a brokerage firm to the CME Clearing House that exchanges an option for a futures contract.

Exercise notice
A broker's notification from a client who wants to exercise a right to buy or sell (depending on the type of contract) the underlying security of the option contract.

The receipt of an exercise notice by an option writer (seller) that obligates him to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.

The receipt of an exercise notice by an option writer that requires him or her to sell (in the case of a call) or purchase ...
At The Close ...

exercise notice The receipt of an exercise notice by an option writer that requires him/her... exercise price The specified price on an option contract at which the contract may be exercised,...

The time of day by which all exercise notices must be received on the expiration date.

Expiration Time - The time of day by which all exercise notices must be received on the expiration date.

Under these proceedings, a clearing member is deeming to have tendered exercise notices for options that are in-the-money by threshold amounts, unless specifically instructed not to do so.

Assignment: The receipt of an exercise notice by an option seller (writer) that obligates him or her to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.

Assignment
The receipt of an exercise notice by an options writer that requires the writer to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.

Options Clearing Corporation: The Options Clearing Corporation, which is the actual issuer of option contracts. It acts as a clearing house, or bookkeeper. When an exercise notice is received, it assigns the notice.

A grantor could not terminate their obligation until the option expired or they were assigned an exercise notice.

Exercise Notice : The formal notification that the holder of a CALL (or P...
Exercise Price : See Strike price.
Exercise strike price : The price at which the underlying currency will b...

See also: Options, Exercise, Contract, Market, Underlying