Question about options exercising?

2 ⤊

Question about options exercising?

If someone owns 100 contracts of a certain option and decides to exercise 10 of those contracts, but the contracts are written by a few different people, (40 contracts are written by person A, person B has written 50, and person C has written 10, for example), then how is it decided who's contracts will be assigned?

Thanks

2007-02-02 03:04:58 · 2 answers · asked by RockiesFan 2 in Business & Finance ➔ Investing

2 answers

Your firm places the excercise with the OCC (Options Clearing Corporation) - they will chose by random selection who will be on the other end

2007-02-02 03:49:07 · answer #1 · answered by dashel_gabelli 3 · 1⤊ 0⤋

it doesn't matter who has written them, your broker handles your part of it

2007-02-02 03:27:52 · answer #2 · answered by bob shark 7 · 1⤊ 1⤋