What happens if I cannot settle an Options trade on T+1? Can I get an extension?

The ASX requires settlement on a T+1 basis for Options trading, as there are no extensions for settlement. CommSec requires cleared funds in your nominated bank account for settlement before 9am on the morning of T+1 so that we can meet this obligation. CommSec may use its discretion to close any Options positions if any trades are not settled on time.

Answers others found helpful

What is Options assignment?

An options assignment is when the options seller must fulfil the obligation of an options contract by either selling or buying the underlying security at the exercise price. This is due to the buyer...

Does CommSec automatically exercise Options?

At close of business on the date of expiry, CommSec will automatically exercise any long Options position that is in the money by 1 cent or more for equity Options, or one point or more for Index Options...

How are margins calculated on my Options account?

Margins are required to ensure that you can meet your potential obligation in the event of an adverse market movement. Margins are only payable by option writers, whereas option buyers do not need to...

What is Options expiry?

Options expiry is the last day where the holder of the option may exercise it based on the conditions of the option. CommSec will automatically exercise any long options position that is in the money...

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© Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.

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