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Earth Wind & Fire

02/18/2021 22:58

$Churchill Capital Corp IV i have a 30 option expiring tomorrow and have tried to confirm with Webull Support giving me two different answers and a policy reminder telling me something different. Will the contract be executed at 4pm tomorrow and ill be given the 100 shares at 30.00 as long as I have enough money to cover or will they sell contract at market price??? I attached the confusing , conflicting responses they gave me. @Webull News 
Churchill Capital Corp IV-0
Churchill Capital Corp IV-1
Churchill Capital Corp IV-2
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.

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All Comments(8)

nihilist02/18/2021 23:16
You should learn more then, no one forced you to buy options if you have 0 idea what they mean. If youe ercise your contract you’ll be assigned the shares at the strike price you bought, if you sell your contract, you are not obligated to buy the shares. Next time learn to use Google to answer your dumb questions

Earth Wind & Fire 02/18/2021 23:19

uhm... I know exactly what OTM, ITM,ATM means. I did use Google. YOU need to learn how to read. My question was based on the 3 different responses, which was true. You act like your profile pic!

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cASShwhoopin02/18/2021 23:08
what i got outta that is if you have the 3k youll get the 100 shares if you dont whatever the price is at 340p. they'll sell the 100 shares for you at market price. which theyll prob subtract the 3k from so better off prob tryna sell the contract if you dont have the 3k imo .... so say if the stock price 58$ you may get 2800. what it sounds like to me im not to familiar with options either but goodluck!

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xTx50x02/18/2021 23:06
See the checkbox!

Earth Wind & Fire 02/18/2021 23:07

right, I left mine unchecked.

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nat***com02/18/2021 23:06
For educational purposes only: as far as i know, you have until 3:40pm to either sell your call, or exericse your call, which i am imagining is what you are wanting to do. To exercise a call, you must have the buying power available to be able to actually buy the shares at that strike price. So lets say you have 1 $30 call, exercising that means you will use $3,000 of your buying power to exchange that $30 call for 100 shares at $30. If you do not have the buying power, you obviously can not exercise that call and will then have to sell the call for what I presume a nice profit. if you left the call untouched, it will automatically be sold for you at 3:40pm, not exercised.

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xTx50x02/18/2021 23:03
WeBull will automatically exercise your option is you have enough funds to cover the cost. If not, it eould be dold at market price. Also, there’s a checkbox you can select asking Webull not to exercise the option at expiration.

Earth Wind & Fire 02/18/2021 23:06

also I do have the 3k in the account to cover.

Earth Wind & Fire 02/18/2021 23:06

I dont have the button checked that says: " Do not exercise at expiration ".

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yolooptions02/18/2021 23:02
im pretty sure you make money only on the premium. if you want to execute youd have to buy each individual share(100) from when you bought the contract

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Gypsy02/18/2021 23:02
If you dont sell and your in the money... and you have the money to cover they will exercise it for you

Earth Wind & Fire 02/18/2021 23:02

at what time tomorrow?

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