Exercise
Exercise is the term used when the owner of a long call or put uses their right to buy (in the case of a call) or sell (in the case of a put) the stock. 

Jellifin will automatically exercise any equity CALL option that is $0.01 or more in-the-money. Please see our fee schedule to exercise a call option.

To exercise an equity PUT option, your account will require a traditional margin account. Due to our limited margin account offered by our clearing partner, Jellifin does not offer the ability to exercise an equity PUT option. We plan to offer this feature in the future.

Assignment
Assignment is the term used when someone who is short a call or put is forced to sell (in the case of the call) or buy (in the case of a put) the stock.

Jellifin offers the ability to trade equity covered calls by simultaneously buying shares of a stock and selling calls against it. Jellifin will automatically assign (called away) any stock if the equity CALL option sold is $0.01 or more in-the-money. Please see our fee schedule to assign a stock.

Currently, Jellifin does not offer unsecured option writing. We hope to offer this feature in the future.

What if I don't have enough funds in my account to exercise an option?
If your current cash balance is not sufficient to exercise an option, the contract will expire worthless.

If I exercise my option to buy the stock, what happens next?
After you have exercised your option to buy the stock, shares will be assigned to your account. You will have the ability to sell those shares at any later date.

Are there fees to sell my shares?
There are no fees for selling your shares.  

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