How do I set my Options to "Early Exercise" or "Do Not Exercise"?

You may choose to "Early Exercise" your Options position before expiry if it is In-the-Money via the Webull App.

1. Tap your Options position

2. Tap the 3 dots at the bottom right of your screen

3. Tap "Early Exercise"

4. Tap "Submit"

Note:

For Long Call position, you need to have sufficient buying power (100 x contract quantity x strike price) to submit an Early Exercise request.

For Long Put position, you need to hold sufficient underlying shares (100 x contract quantity) to submit an Early Exercise request.

You will find a “DNE” button by selecting your Options position with the steps above. DNE stands for Do-Not-Exercise.

By enabling the "DNE" button, the Options contract will not be automatically exercised when it expires, whether In-the-Money, At-the-Money, or Out-the-Money. However, it may still be automatically liquidated on the day of expiration.