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 for Equities Cash in USD (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. Your request will be process within 2 business days.

You may choose "Do Not Exercise" if you do not want to exercise the option.

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

1. Tap your Options position

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

3. Tap "Do Not Exercise (DNE at Expiration)"

4. Tap "Submit"

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 subject to automatic liquidation within 30 minutes before the market closes on the expiration day.