assignment of exercise notice

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• assignment — Options are exercised through the option purchaser s broker, who notifies the clearinghouse of the option s exercise. The clearinghouse then notifies the option seller that the buyer has exercised. When futures options are exercised, the buyer of …   Financial and business terms

• Assignment — The receipt of an exercise notice by an options writer that requires the writer to sell ( in the case of a call) or purchase ( in the case of a put) the underlying security at the specified strike price. The New York Times Financial Glossary * *… …   Financial and business terms

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