• Give-ups and Transfers must be resolved prior to the final 7:00 p.m. reconciliation. Any remaining unmatched give-ups or transfers in the expiring options will be dropped from the system during Friday’s final reconciliation.
• All in-the-money February options, based on the March futures contract, will be automatically exercised.
• Authorized cancellation of in-the-money automatic exercises and out-of-the-money exercises must be submitted prior to 6:00 p.m. Friday.
• Special option expiration reconciliations will be processed at 3:30 p.m. and 5:00 p.m. Option expiration reports will be produced and distributed to INFOPAC and reports via the web.