The formal notification that the holder of a call (or put) option wishes to buy (or sell) the underlying security at the exercise price.
A broker's notification a client want to exercise a right to buy or sell (depending on the type of contract) the underlying security of the option contract.
A formal notification that the holder of an option wishes to exercise it by buying or selling the underlying stock at the exercise price.
Notification by a broker that a client who holds a long option wants to exercise a right to buy (if call) or sell (if put) the underlying stock in an option contract. The notice is sent to the Options Clearing Corporation (OCC) which in return notifies the option seller (writer) to make sure that the stock is delivered. See: Class Of Option; Exercise; Options; Options Clearing Corporation
The process by which someone who is currently short an options contract is alerted to the fact that the option owner has chosen to do what the contract allows. The notice obligates the recipient to fulfill the conditions of the contract
A formal notification to the Clearing House that the holder of a call (put) option wishes to buy (sell) the underlying at the exercise price.
Notification the owner of the option has exercised that option. The person assigned this notice is now obligated to fulfill the terms of the contract.
A document delivered to the Options Clearing Corporation for listed options, or to the guarantor of a conventional option, legally requiring the writer of an option to perform his contracted obligations.