It was 3:59pm, I was putting my closing order in, MY PHONE RINGS. I use my cell phone to actually enter/exit trades because I find it easier for me (to each their own) I bought 10 calls that were ITM and same day expiration, MSFT was climbing (not a whole lot, but enough for me to want to wait and sell at 3:59pm for maximum profit) I know your question is 2 day’s old, but I’m going to chime in as this JUST happened to me on Friday with Microsoft. According to the TDA manual, it seems like it will just expire and become useless.? Will I lose my ITM contract if I don't sell it myself? Would I end up losing money since I paid premium to buy a contract but by not exercising or selling the contract by expiration? What does TDA do automatically? I've been googling this for answer but only saw that RH tries to sell your option for you about 1 hr before the market closes so you can still secure your gains. Let's say I had no chance to actually close it before expiration. But does it sell safely on the expiration day, even a few minute before the market closes? I'm not sure if it needs to wait until a 'buyer' shows up or if it's done in a matter of seconds/minutes against the broker/professional where these trades are automatized by a computer. General question: In this case, I would like to 'Sell to Close'. I do not have enough money to actually buy 100 shares and have no intention to exercise my right. It's in the money well above breakeven point. Hello all, I have 2 questions about option/contract expiration: one general question and one specific to TDA.ĬONDITION: Let's say I have a long call (1 contract) expiring today.

Td ameritrade closes when openin quotes