Check moneyness
Compare stock price to strike price and separate intrinsic value from premium paid.
Expiration desk · updated 2026-07-30
Options Expiration Help
Understand what can happen when options expire: moneyness, exercise, assignment, broker cutoffs, after-hours movement, and account obligations.
Open the expiration plannerFast answer: expiration is not just a date. Check whether the option is in the money, whether you are long or short, what your broker requires, and whether after-hours movement can change the outcome.
ITMintrinsic value may create exercise or assignment consequences
Cutoffbroker instruction deadlines can be earlier than exchange deadlines
Close?closing the trade may be simpler than relying on expiration processing
Standalone value
A practical expiration workflow before the last bell.
This site gives you the direct answer, examples, a planner, and a checklist without requiring a community join. Use it to organize questions before expiration, then verify account-specific instructions with your broker.
Know the position
Long options carry rights; short options can create assignment obligations.
Verify instructions
Broker cutoffs, contrary instructions, and account capacity can change practical outcomes.
Interactive expiration planner
Check moneyness, intrinsic value, and exercise risk
Enter a stock price, call strike, put strike, premium, and contract count. The planner shows simplified expiration math and the questions to verify with your broker.
Call intrinsic value$2.00/share
Put intrinsic value$0.00/share
Gross strike value$10,000
Expiration noteNear strike: verify instructions
This is educational contract math only. It does not predict exercise, assignment, margin, taxes, fills, after-hours movement, broker cutoffs, or whether your firm will submit contrary instructions.
Primary reading: OIC options basics and Expiration Friday · OIC exercising options · OIC options exercise FAQ · FINRA options overview and expiration risk · OCC Options Disclosure Document
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Options Expiration Help: What Happens and What to CheckOptions Expiration PlannerIn the Money, At the Money, and Out of the Money at ExpirationExercise vs ExpirationAutomatic Exercise and Exercise-by-ExceptionAfter-Hours Moves and Expiration RiskAssignment at ExpirationOptions Expiration ChecklistOptions Expiration ExamplesOptions Expiration FAQSources and Methodology for Options Expiration Help
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