Common use of Options and Other Rights' Expiration Clause in Contracts

Options and Other Rights' Expiration. Prior to the start of the last trading day before expiration, the Client agrees to liquidate (i.e., close out) any long (or short) option position or other rights position (including but not limited to equity options, ETF options and non-cash settled futures options) that the Client holds for which the Client has insufficient equity or may have insufficient equity at expiration to exercise (or be assigned on) such position and to then carry the resulting underlying position in the Client's account. The Client acknowledges that approaching expiration with long or short options for which the Client does not or may not have sufficient equity to hold the underlying position puts the Client and IBIE at serious risk (including the risk of market movements in the underlying product between expiration and the next opening of the market in the product). If the Client has not closed out a long or short option or other rights position prior to the start of the last trading day before expiration, and if IBIE in its sole discretion determines that the Client has or may have insufficient equity to take the underlying position in the Client's account upon expiration, IBIE has the right, in its sole discretion, to do any or all of the following and the Client shall have no claim for damages or lost profits resulting from any or all of the following: a) IBIE may liquidate some or all of the options or rights position prior to expiration; and/or b) IBIE may lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration; and/or c) IBIE may allow some or all of the options to be exercised/assigned and then liquidate the resulting position.

Options and Other Rights' Expiration. Prior to the start of the last trading day before expiration, the Client agrees to liquidate (i.e., close out) any long (or short) option position or other rights position (including but not limited to equity options, ETF options and non-cash settled futures options) that the Client holds for which the Client has insufficient equity or may have insufficient equity at expiration to exercise (or be assigned on) such position and to then carry the resulting underlying position in the Client's account. The Client acknowledges that approaching expiration with long or short options for which the Client does not or may not have sufficient equity to hold the underlying position puts the Client and IBIE IB UK at serious risk (including the risk of market movements in the underlying product between expiration and the next opening of the market in the product). If the Client has not closed out a long or short option or other rights position prior to the start of the last trading day before expiration, and if IBIE IB UK in its sole discretion determines that the Client has or may have insufficient equity to take the underlying position in the Client's account upon expiration, IBIE IB UK has the right, in its sole discretion, to do any or all of the following and the Client shall have no claim for damages or lost profits resulting from any or all of the following: a) IBIE IB UK may liquidate some or all of the options or rights position prior to expiration; and/or b) IBIE IB UK may lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration; and/or c) IBIE IB UK may allow some or all of the options to be exercised/assigned and then liquidate the resulting position.

Options and Other Rights' Expiration. Prior to the start of the last trading day before expiration, the Client agrees to liquidate (i.e., close out) any long (or short) option position or other rights position (including but not limited to equity options, ETF options and non-cash settled futures options) that the Client holds for which the Client has insufficient equity or may have insufficient equity at expiration to exercise (or be assigned on) such position and to then carry the resulting underlying position in the Client's ’s account. The Client acknowledges that approaching expiration with long or short options for which the Client does not or may not have sufficient equity to hold the underlying position puts the Client and IBIE IBLUX at serious risk (including the risk of market movements in the underlying product between expiration and the next opening of the market in the product). If the Client has not closed out a long or short option or other rights position prior to the start of the last trading day before expiration, and if IBIE IBLUX in its sole discretion determines that the Client has or may have insufficient equity to take the underlying position in the Client's ’s account upon expiration, IBIE IBLUX has the right, in its sole discretion, to do any or all of the following and the Client shall have no claim for damages or lost profits resulting from any or all of the following: a) IBIE IBLUX may liquidate some or all of the options or rights position prior to expiration; and/or b) IBIE IBLUX may lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration; and/or c) IBIE may allow some or all of the options to be exercised/assigned and then liquidate the resulting position.and/or

Options and Other Rights' Expiration. Prior to the start of the last trading day before expiration, the Client agrees to liquidate (i.e., close ‘close-out’) any long (or short) short option position or other rights position (including including, but not limited to equity options, ETF options and non-cash settled futures options) that the Client an account holds and for which the Client account has insufficient equity or may at expiration have insufficient equity at expiration to exercise (or be assigned on) such position and to then subsequently carry the resulting underlying position in the Client's accountposition. The Client acknowledges that approaching expiration with long or short options for which the Client an account does not or may not have sufficient equity to hold the underlying position puts the Client and IBIE at poses a serious risk (including the risk of market movements in the underlying product between expiration and the next opening of the market in the product). If the Client has not closed out a long or short option or other rights position prior to the start of the last trading day before expiration, and if IBIE the Financial Intermediary, in its sole discretion discretion, determines that the Client an account has or may have insufficient equity to take hold the underlying position in the Client's account upon expiration, IBIE then the Financial Intermediary has the right, in its sole discretion, to do any or all of the following and the Client shall have no claim for damages or lost profits resulting from any or all of the following: a) IBIE the Financial Intermediary may liquidate some or all of the options or rights position prior to expiration; and/or b) IBIE the Financial Intermediary may lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration; and/or c) IBIE the Financial Intermediary may allow some or all of the options to be exercised/assigned and then may liquidate some or all of the resulting position.

Options and Other Rights' Expiration. Prior to the start of the last trading day before expiration, the Client Introducing Broker agrees to in liquidate (i.e., close out) any long (or short) option position or other rights position (including but not limited to equity options, ETF options and non-cash settled futures options) that the Client an account or Sub-Account holds for which the Client account or Sub-Account has insufficient equity or may have insufficient equity at expiration to exercise (or be assigned on) such position and to then carry the resulting underlying position in the Client's accountposition. The Client Introducing Broker acknowledges that approaching expiration with long or short options for which the Client an account or Sub-Account does not or may not have sufficient equity to hold the underlying position puts the Client Introducing Broker and IBIE Interactive at serious risk (including the risk of market movements in the underlying product between expiration and the next opening of the market in the product). If the Client Introducing Broker has not closed out a long along or short option or other rights position prior to the start of the last trading day before expiration, and if IBIE Interactive in its sole discretion determines that the Client an account or Sub- Account has or may have insufficient equity to take hold the underlying position in the Client's account upon expiration, IBIE . Interactive has the right, in its sole discretion, to do any or of all of the following and the Client Introducing Broker and its Customers shall have no claim for damages or lost profits resulting from any or all of the following: a) IBIE Interactive may liquidate some or all of the options or rights position prior to expiration; and/or b) IBIE Interactive may lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration; and/or c) IBIE Interactive may allow some or all of the options to be exercised/assigned and then may liquidate some or all of the resulting position.

Options and Other Rights' Expiration. Prior to the start of the last trading day before expiration, the Client agrees to liquidate (i.e., close out) any long (or short) option position or other rights position (including but not limited to equity options, ETF options and non-cash settled futures options) that the Client holds for which the Client has insufficient equity or may have insufficient equity at expiration to exercise (or be assigned on) such position and to then carry the resulting underlying position in the Client's account. The Client acknowledges that approaching expiration with long or short options for which the Client does not or may not have sufficient equity to hold the underlying position puts the Client and IBIE IBLUX at serious risk (including the risk of market movements in the underlying product between expiration and the next opening of the market in the product). If the Client has not closed out a long or short option or other rights position prior to the start of the last trading day before expiration, and if IBIE IBLUX in its sole discretion determines that the Client has or may have insufficient equity to take the underlying position in the Client's account upon expiration, IBIE IBLUX has the right, in its sole discretion, to do any or all of the following and the Client shall have no claim for damages or lost profits resulting from any or all of the following: a) IBIE IBLUX may liquidate some or all of the options or rights position prior to expiration; and/or b) IBIE IBLUX may lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration; and/or c) IBIE IBLUX may allow some or all of the options to be exercised/assigned and then liquidate the resulting position.

Options and Other Rights' Expiration. Prior to the start of the last trading day before expiration, the Client agrees to liquidate (i.e., close out) any long (or short) option position or other rights position (including but not limited to equity options, ETF options and non-cash settled futures options) that the Client holds for which the Client has insufficient equity or may have insufficient equity at expiration to exercise (or be assigned on) such position and to then carry the resulting underlying position in the Client's account. The Client acknowledges that approaching expiration with long or short options for which the Client does not or may not have sufficient equity to hold the underlying position puts the Client and IBIE IBUK at serious risk (including the risk of market movements in the underlying product between expiration and the next opening of the market in the product). If the Client has not closed out a long or short option or other rights position prior to the start of the last trading day before expiration, and if IBIE IBUK in its sole discretion determines that the Client has or may have insufficient equity to take the underlying position in the Client's account upon expirationexpiration of an option position, IBIE IBUK has the right, in its sole discretionbut not the obligation, to do any or all of the following and the Client shall have no claim for damages or lost profits resulting from any or all of the followingto: a(i) IBIE may liquidate some or all of the options or rights position prior to expiration; and/or b(ii) IBIE may lapse some or all of the options (i.e., instruct that they not be exercised), even if in-the-money at expiration; and/or c(iii) IBIE may allow some or all of the options to be exercised/exercised or assigned and then liquidate the resulting position. The Client shall have no claim for damages or lost profits resulting from XXXX taking or not taking any of these actions.