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anandmakhija

Newbie Question UVXY Exercising

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When exercising a call option, the owner of the option purchases the underlying shares (or commodities, fixed interest securities, etc.) at the strike price from the option seller, while for a put option, the owner of the option sells the underlying to the option seller, again at the strike price.

https://en.wikipedia.org/wiki/Exercise_(options)

Options can be automatically exercised at expiration only.

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