If your option is out-of-the-money, SoFi will take no action and your options will typically expire. If you’d like to submit a Do-Not-Exercise request, you will need to contact our Investment Specialist team at 855-525-7634.
- If your account has enough buying power or shares to support the exercise of in-the-money options contracts at expiration, but you do not want them to be exercised, you must submit Do-Not-Exercise instructions before 4:00 PM ET.
- If your account does not have enough funds or shares to support the exercise of in-the-money options contracts, you may submit a Do-Not-Exercise request before 2:00 PM ET on expiration day to prevent the contracts from being automatically sold.
Requests submitted between 1:45 PM ET and 2:00 PM ET will be processed on a best-efforts basis.
Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire amount invested in a short period of time. Before an investor begins trading options they should familiarize themselves with the Options Disclosure Document. Tax considerations with options transactions are unique, investors should consult with their tax advisor to understand the impact to their taxes.