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REDDIT

FYI, You can do a cashless exercise of your OTM calls and puts up to an hour and half after close.

N
Aug 3, 2026 · 23:14

Most retail have no idea that most brokers allow you to do a cashless exercise of your otm calls and puts if they fall below (put) or above (call) your strike after hours. You must call and request this, and depending on the broker there may be a fee. But if your call or put moves way past your strike after hours, call your broker and have them exercise and sell your option on your behalf, no money needed. You get to collect whatever the bid, spread? is when it's exercised. If I had known this two years ago I would be a lot richer. This is another reason why the hood sells off your calls and puts at 2:30 ct time. I missed out on over 500 dollars on Amazon after hours because I wasn't paying attention, I called way to late.