| Automatic Exercise | |
 A procedure implemented to protect an option holder where the Option Clearing Corporation will automatically exercise an "in the money" option for the holder. |
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 Think of it as an insurance policy for those who aren't as tuned in with the 3rd Friday of every month. |
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 Options Basics Tutorial - An introduction to the world of options, covering everything from primary concepts to how options work and why you might use them. |
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