“What happens if I am long options, and they finish in-the-money?” … “Will I be assigned?” … and et cetera. Hopefully, I can walk through some common expiration-afternoon questions here and shed some light on the process. Automatic Exercise First, the Options Clearing Corporation (OCC) automatically exercises options whose official close is one penny or more in-the-money. Those holding long calls would buy 100 shares for each call they owned after the close on Friday afternoon. Those with short calls might sell 100 shares for each call they were short as of the close. The short does not control the exercise. After-Hours Activity what happens if the stock price moves after 4 p.m. Eastern Time on Friday? As any of you who trade in the after-hours marke