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Strategies & Market Trends : Option Strategies

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To: robert b furman who wrote (2363)	4/20/2022 11:26:29 PM
From: S. maltophilia	of 2591

Weird. Maybe they changed some rules since I was active in the business (1980-1995), but I've never seen an odd lot assignment, excepting reorgs. You might ask your broker for their assignment allocation policies. The only thing I could find is at the Clearing House level. (c) Option contracts may be exercised only in a unit of trading or an integral multiple thereof. Exercise notices may be filed in respect of opening purchase transactions which have not yet been accepted by the Corporation, and shall be assigned by the Corporation at the same time and in the same manner as exercise notices filed on the same business day in respect of issued option contracts, provided that any such exercise notice shall be deemed to be null and void and of no force or effect if the opening purchase transaction in respect of which it was filed is not accepted by the Corporation on the business day immediately following the date on which such exercise notice was filed..... theocc.com; (Rule 801, p.71)

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