Modelo de contrato de stock options
In the event that IB exercises the long call s in this scenario and you are not assigned on the short call s , you could suffer losses. Likewise, if IB liquidates some or all of your spread position, you may suffer losses or incur an investment result that was not your objective. In order to avoid this scenario, you should carefully review your option positions and your account equity prior to any ex-dividend date of the underlying and you should manage your risk and your account accordingly.
With the exception of certain futures contracts having currencies as their underlying, IB generally does not allow clients to make or receive delivery of the underlying for physically settled futures or futures option contracts.
To avoid deliveries in an expiring contract, clients must either roll the contract forward or close the position prior to the Close-Out Deadline specific to that contract a list of which is provided on the website. Please feel free to contact us if your question is not addressed on this page or to request the addition of a question and answer.
How do I provide exercise instructions? Do I have to notify IB if I want my long option exercised? What if I have a long option which I do not want exercised?
What can I do to prevent the assignment of a short option? Is it possible for a short option which is in-the-money not to be assigned? What happens if I have a spread position with an in-the-money option and an out-of-the-money option? Can IB exercise the out-of-the-money long leg of my spread position only if my in-the-money short leg is assigned? What happens to my long stock position if a short option which is part of a covered write is assigned?
Am I charged a commission for exercise or assignments? What happens if I am unable to meet the margin requirement on a stock delivery resulting from an option exercise or assignment?
In the event that an option exercise cannot be submitted via the TWS, an option exercise request with all pertinent details including option symbol, account number and exact quantity , should be created in a ticket via the Account Management window. The ticket should include the words "Option Exercise Request" in the subject line. Please provide a contact number and clearly state in your ticket why the TWS Option Exercise window was not available for use.
In the case of exchange listed U. In these situations, IB will make every effort to provide advance notice to the account holder of their obligation to respond, however, account holders purchasing such options on the last day of trading are not likely to be afforded any notice.
If it is in-the-money by at least that amount and you do not wish to have it exercised, you would need to provide IB with contrary instructions to let the option lapse. The only action one can take to prevent being assigned on a short option position is to buy back in the option prior to the close of trade on its last trading day for equity options this is usually the Friday preceding the expiration date although there may also be weekly expiring options for certain classes.
When you sell an option, you provided the purchaser with the right to exercise which they generally will do if the option is in-the-money at expiration. While is unlikely that holders of in-the-money long options will elect to let the option lapse without exercising them, certain holders may do so due to transaction costs or risk considerations.
In conjunction with its expiration processing, OCC will assign option exercises to short position holders via a random lottery process which, in turn, is applied by brokers to their customer accounts. It is possible through these random processes that short positions in your account be part of those which were not assigned. Spread positions can have unique expiration risks associated with them.
Account holders are ultimately responsible for taking action on such positions and responsible for the risks associated with any unhedged spread leg expiring in-the-money. There is no provision for issuing conditional exercise instructions to OCC. OCC determines the assignment of options based upon a random process which is initiated only after the deadline for submitting all exercise instructions has ended.
In order to avoid the delivery of a long or short underlying stock position when only the short leg of an option spread is in-the-money at expiration, the account holder would need to either close out that short position or consider exercising an at-the-money long option.
If the short call leg of a covered write position is assigned, the long stock position will be applied to satisfy the stock delivery obligation on the short call. The price at which that long stock position will be closed out is equal to the short call option strike price.
There is no commissions charged as the result of the delivery of a long or short position resulting from option exercise or assignment of a U. You should review your positions prior to expiration to determine whether you have adequate equity in your account to exercise your options. The Client accepts this Agreement by registering a Trading Account on the Website and depositing funds. By accepting the Agreement, the Client enters into a legal and binding agreement with the Company.
Any agreement between the Company and its Clients and the procedure to be followed under it, is governed by the Distance Marketing of Consumer Financial Services Law N. By accepting this current agreement, the Client confirms that they are able to receive information, including amendments to the present agreement either via email or through the Website. In case a Client wishes to have a printed Agreement, duly signed and stamped by the Company, the Client must download from the website at www.
This Agreement will be stored in a Durable Medium and accessible inside the Account and the Client can freely consult it at any time. In this Agreement, except where the context otherwise requires, the following terms shall have the following meaning:.
Headings of the paragraphs shall be used solely for ease of reference and shall not affect the contents and interpretation of the Agreement. Unless the context otherwise requires, reference to persons shall also include legal persons, the singular shall include the plural and vice-versa and either gender shall include the other. Reference to any agreement including without limitation, this Agreement or to any other document, shall be deemed to include references to them as these may from time to time be amended, expanded or replaced and to all agreements and documents, which are declared to be supplementary to them or are attached thereto.
Subject to the Client fulfilling the obligations under this Agreement, the Company shall facilitate the execution of relevant transactions requested by the Client and allowed by the capabilities of the Company and the Agreement. The Company shall carry out all transactions as provided in this Agreement on an execution-only basis, neither managing the account nor advising the Client.
The Company is entitled to execute transactions requested by the Client as provided in this Agreement even if the transaction is not beneficial for the Client. The Investment and Ancillary Services which the Company should provide under the terms of the Agreement are stated below, and the Company will provide them in its capacity as a market maker under the terms of this Agreement. The Services that the Company has the right to provide in relation to one or more Financial Instruments as specified in its CySEC license and as per the terms of the Agreement are the following:.
Without derogation from the above, the Company reserves the right, acting reasonably, to suspend or refuse access to and use of the Trading Platform to anyone at its sole and absolute discretion. Any reports, news, opinions and any other information which may be provided by the Company to the Client, aim to facilitate the Client in making his own investment decisions and do not constitute personal investment advice.
Unless such written agreement has been entered into between the Client and the Company, the provision of reports, news, opinions and any other information by the Company to the Client does not constitute investment advice or investment research.
The Client agrees and acknowledges that he shall be exclusively responsible for any investment strategy, transaction or investment and he shall not rely on the Company for this purpose and the Company shall have no responsibility whatsoever, irrespective of any circumstances, for any such investment strategy, transaction or investment.
The Client has the right to cancel his order given to the Company within 3 seconds after the moment of giving such order to the Company hereinafter referred to as the "Cancellation".
Three seconds from the moment of giving the order to the Company by the Client via the platform, the Company may but is not obliged to offer to buyout the option from the Client and the Client have the right to agree to such offer hereinafter referred to as the "Buyout". The Client is entitled to use such Cancellation or Buyout option subject to the conditions specified on the platform.
Such conditions can also include the fee charged by the Company. Such fee is specified on the platform. The Company is obliged to provide all necessary information as to the conditions of Cancellation and Buyout, their cost, etc. The Client acknowledges and agrees that provision of such information on the platform is sufficient. When registering for a trading account with the Company, the Client must provide their personal data and verify their email address and telephone contact number.
The Client is unable to proceed in his account registration unless this information is provided. Clients will be unable to proceed to the trading platform without completing their account identification. Verification documents may include but are not limited to:. Depending on the method of deposit, the Company reserves the right to request supporting documentation in order to verify the beneficial owner of the account from which funds have been sent.
In the case of Credit or Debit Cards deposits, the Company will request a scan copy of the front and back of the card. The Client should ensure to only leave available the first 6 and last 4 digits of the card number. It is understood that the Company, under applicable regulations, is not required to accept a person as a Client until all documentation required by the Company have been received, properly and fully completed by the person and all internal checks have been satisfied.
The Client agrees to:. The Client authorizes the Company to use such information to perform internal checks. The Company may, at its discretion and depending on the deposit amount of the Client, give the client up to fourteen 14 days from the date of deposit, to provide supporting documents for the verification of the account. During this time, the Client will have access to the trading platform.
The Company is required under MiFID II to categorize any Client as eligible Counterparty, Professional Client or Retail Client so that when carrying out business with a Client, the Company can provide the level of information, services and protection that is appropriate to and consistent with a Client categorization.
The Client has the right to request in writing to be categorized as a Professional Client provided the relevant criteria and procedure are fulfilled , but in such case the Client will be afforded fewer regulatory protections. The Company will assess specific quantitative and qualitative criteria in accordance with the provisions of the Law and the change of categorization will depend on its absolute discretion.
The Client has the right to register only one Trading Account, if any Client has multiple Trading Accounts then the Client needs to inform the Company in relation to these Trading Accounts before carrying out any transactions. If for any reason, the Company is not informed of any multiple Trading Accounts and discovers this to be the case, the Client will be contacted in order to choose which account they wish to keep.
All other accounts will be blocked and Client's funds will be refunded back to the Client. Any losses incurred as a result of trading will not be refunded to the Client. The Client confirms that the purpose and reason for registering and operating an IQ Option Trading account is to trade, on their own behalf, in any financial instruments and to take advantage of the services offered by the Company.
The Client warrants that should the reason for operating an IQ Option Trading account change, they will inform the Company immediately. This indemnity shall survive termination of this Agreement. The Company shall not be liable for any loss, expense, cost or liability incurred by the Client in relation to this Agreement, unless such loss, expense, cost or liability is resulted from gross negligence, willful default or fraud by the Company.
Notwithstanding the provisions of paragraph 6. The Company shall not be liable for any loss of opportunity as a result of which the value of the Financial Instruments of the Client could have been increased or for any decrease in the value of the Financial Instruments of the Client, regardless of the cause, unless such loss is directly due to gross negligence, willful default or fraud on the part of the Company.
The Company shall not be liable for any loss which is the result of misrepresentation of facts, error in judgment or any act done or which the Company has omitted to do, whenever caused, unless such act or omission resulted from gross negligence, willful default or fraud by the Company. The Company shall not be liable for any act or omission or for the insolvency of any counterparty, bank, custodian or other third party which acts on behalf of the Client or with or through whom transactions on behalf of the Client are carried out.
By accepting this Agreement, the Client accepts that he has read and understood all provisions of this Agreement and related information on the Website. The Client accepts and understands that all orders received shall be executed by the Company as the counterparty of the transaction in its capacity of Market Maker. The Client authorizes the Company to rely and act in accordance with any order, which appears to have been placed and has been reasonably accepted as such by the Company by the Client in accordance with the provisions of paragraph The Client may transmit orders to the Company via the Trading Platform or in such other manner as it may be specified from time to time, provided the Company is satisfied, at its absolute discretion, as to the identity of the person placing the order as well as for the validity of the order.
The Client agrees that: Any orders of the Client, once placed, cannot be revoked or amended, except where the Company can and shall allow the Client to revoke or amend the relevant order. Reception of the order by the Company shall not constitute acceptance and acceptance shall only be constituted by the execution of the order by the Company. The Company shall be obliged to execute the Client's orders sequentially and promptly.
The Client acknowledges and accepts a the risk of mistakes or misinterpretations in the orders sent through the Trading Platform due to technical or mechanical failures of such means, b the risk of delay or other problems as well as c the risk that the orders may be placed by unauthorized persons and agrees to indemnify the Company in full for any loss incurred as a result of acting in accordance to such orders.
The Client accepts that during the execution of his order, the Company shall have no responsibility as to its content or the identity of the person placing the order, except for gross negligence, willful default or fraud by the Company.
The Company undertakes to provide adequate notification to the Client in case a CFD position will be liquidated by the Company and shall provide no less than 5 five working days notice before proceeding with the liquidation.
In such cases, the Company may close any or all Trading Accounts. The Client agrees and declares that:. The Client undertakes to notify the Company immediately if the Client notices or has any reason to suspect that:. The Client acknowledges that the provision of the Service s may involve information being transported over an open network.
Information is therefore transmitted regularly and without control across borders. The Company takes reasonable steps to avoid information being intercepted and read by third parties, by utilizing techniques such as encryption, however it is not always possible to avoid someone other than the Company from gaining access to information about the Client and the Client dealings with the Company.
The Client acknowledges that the Company will not take action based on the orders transmitted to the Company for execution by electronic means other than those orders transmitted using the predetermined electronic means such as the Trading Platform, and the Company shall have no liability towards the Client for failing to take action based on such orders.
Telephone instructions related to trading activities, are currently not permitted. The Company reserves the right, at its discretion, to amend this term in the future. Orders can be transmitted to the Company for execution, only within the operating trading time.
The Client acknowledges and agrees that the Company has the right to close any transaction, at its sole and absolute discretion without providing prior notice to the Client if the underlying asset or contract on which the transaction is based settles on an expiry date as determined by the relevant financial market, in which the said asset is traded such time referred to as 'Closing Time' and the relevant expiring transaction referred to as an 'Expiring Transaction'. The Company will not be obligated to take actions to roll over an open position in an Expiring Transaction.
It should be made clear that any maintenance fees shall not exceed the total balance of such Inactive Account. The Client acknowledges that the Company will have the right, at any time and for any reason and without justification, at its sole discretion, to refuse to execute orders, including, without limitation, in the following circumstances:.
Any such refusal by the Company shall not affect any obligation, which the Client may have towards the Company. Consequently, in the event of default on the part of the bank or other institution, which causes a shortfall in the funds held in the pooled Bank account, the Client may share proportionately in that shortfall. Unless otherwise agreed in writing by the Company and the Client, this Agreement shall not give rise to any rights other than those set out herein or to any credit facilities.
The Client has the right to withdraw the funds, which are not used for margin covering, free from any obligations from his account without closing the said account. The funds transfer withdrawal from Trading Account is achieved within 24 hours after receiving from the Client a withdrawal request instruction. Then the transferring amount reduces the balance of the Client's Trading Account on the day the withdrawal request is processed.
The Company reserves the right to decline a withdrawal request if the request is not in accordance with this Agreement or to delay the processing of the request if not satisfied with full documentation of the Client. The Client agrees to pay any incurred bank transfer fees when withdrawing funds from his account to his designated bank account.
Withdrawals should be made using the same method used by the Client to fund his Trading Account and to the same remitter.
The Company reserves the right to decline a withdrawal with specific payment method and to suggest another payment method where the Client needs to complete a new withdrawal request.
The Client acknowledges and agrees that the Company will not pay interest to the Client on funds located on Trading Account. The Company reserves the right to establish when and how much interest it will pay on the Client funds. It is understood by the Client that the Company may keep merchant accounts in its name with payment service providers PSPs. The primary function will be to facilitate and settle payment transactions of its Clients and it is noted that merchant accounts are not used for safekeeping of Client money.
The Company will exercise due skill, care and diligence when selecting and appointing financial institutions such as banks or PSPs, especially in cases where these institutions hold Client money.
The Company will periodically review, monitor and take into account the financial institution's reputation, integrity and expertise, in addition to its regulatory status. It should be noted that the Company cannot be held liable for any circumstances beyond its control and as such is not responsible for any losses the client may face as a result of the insolvency or failure of the financial institution where Client money is held. For the purposes of safeguarding Client money, according to regulation, the Company:.
The financial institution where segregated client funds will be kept may be within Cyprus or within the EEA. It should be noted that the applicable legislation applied to such financial institutions outside of Cyprus but within EEA may be different from the applicable legislation in Cyprus. In the event of insolvency, your funds may be treated differently from any treatment applicable to funds held in segregated accounts in Cyprus.
The financial institution, to which we will pass your money, may hold it in an omnibus account. Hence, in the event of the insolvency or any other comparable proceedings in relation to that financial institution, we may only have an unsecured claim against the financial institution on your behalf, and you will be exposed to the risk that the money received by us from the financial institution is insufficient to satisfy your claims.
It is understood that the Company may hold Client money and the money of other clients in the same account. The Client's Trading Account shall be activated upon the deposit of funds. The Client is able to deposit funds into his account at any time during the course of business relationship.
The Company reserves the right at its discretion, if it has identified third party or anonymous deposits, to block the account. The Client should note that any remaining funds will be returned to the third-party source via the same payment method and any profits accumulated by the Client using third party or anonymous funds will not be made available to the Client.
When requesting a withdrawal, the Client should note that the withdrawal of funds will be sent back to the same account via the same method from where the initial deposit was received e.
The Client is able to request any profit above his deposit amounts through other available methods, as long as the account the withdrawal is to be made belongs to the Client. No withdrawals will be processed to third party or anonymous accounts.
The Company shall proceed to a settlement of all transactions upon execution of such transactions. An online statement of Account will be available for printing to the Client on the Trading Platform of the Company, at all times.
The Company shall be entitled to take or avoid taking any necessary measures in order to comply with the Laws and Regulations, included but not limited to FATCA, in force from time to time. In case of non-fulfillment of these obligations, the Company shall be entitled not to execute the relevant order, in whole or in part.
To this extent, the Company shall be entitled to refuse their delivery to the Client until all the obligations towards the Company are fulfilled. The Company shall not be liable for any losses caused to the Client or to any third party by the exercise of the right of lien or by any other lawful measures, which may be taken by it, in settlement of its claims against the Client, including any future or contingent claims.
The Client agrees that in case the Company carries out a transaction which is not covered by the balance of the Client's Trading account, the Company shall have the right to liquidate his assets and use the proceeds to cover part or the total difference. The Company has the right to refuse to fulfill its obligations under this Agreement, for as long as it maintains any claims against the Client, whether these are due, future or contingent and regardless of whether these arise from the same transaction from which such obligations arise.
Such document shall constitute an integral part of this Agreement and shall remain in force until the Company receives a written notice from the Client to revoke it. The Client acknowledges and agrees that he shall undertake all risks deriving from any such conversion and in particular, the risk of loss which may be incurred as a result of the fluctuation in the exchange rates.
The Company has the right to amend its fees and charges from time to time. For this purpose, Clients can find the current internal rate of OTN tokens value for paying commissions on the OTN tab of the trading platform.
Where the Company holds Financial Instruments or funds on behalf of the Client, it shall send to the Client at least annually, a statement in a Durable Medium of those Financial Instruments or funds unless such a statement has been provided in any other periodic statement. Where the Company executes a Client's order, it shall send to the Client, in a Durable Medium, a notice which confirms execution of the order and includes the essential information concerning its execution, no later than the first business day following execution.
The Client may object in writing any part of the notice referred to in paragraph Failure of the Client to act as above shall prevent the Client from raising any objection or dispute on the specific transaction. An objection of the Client does not result in the cancellation of the transaction. The Company may test certain functions and websites using a Beta Version which is available to Clients.
Clients should note that the Company is not liable for any financial losses or disruptions to services the Client may face as a result of using Beta Versions. All Beta Versions will be identified as such and the Client accepts all risks.
In case of appointment of an Agent, the Company shall remain fully and unconditionally responsible for any action or omission on the part of the Agent when acting on its behalf.
The Company is a member of the Investor Compensation Fund. The Client, under certain preconditions, is entitled to compensation from the Investor Compensation Fund. For more information please see Investor Compensation Fund. Opting in for the One Click Trading mode means that you acknowledge that you have read and understood the following terms and conditions, and you agree to be bound hereby.
Your current version of the platform enables you to choose between the following modes for order submission. You agree that you will be bound by the procedures and conditions specified herein with respect to each such mode. There will be no subsequent confirmation prompt for you to click; hence you should ensure beforehand that all parameters are set based on your trading intentions.
Under normal market conditions and system performance, a market order will be promptly filled after submission and you will have entered into a binding transaction. You can activate or deactivate One Click Trading mode in the settings of the platform.
One Click Trading can be activated or deactivated for one or several instruments in the settings. You agree to accept all risks associated with the use of the order submission mode you have chosen, including, without limitation, the risk of errors, omissions or mistakes made in submitting any order. You agree to fully indemnify and hold harmless the Company from any and all losses, costs and expenses that may incur as a result of any such errors, omissions or mistakes by you or any other person trading on your behalf.
If you accept the One Click Trading terms and conditions, tick the "buy in one click" option when opening trades on the platform. If you do not accept the conditions, do not tick the box and do not use the One Click Trading function.
This Agreement shall take effect upon its acceptance by the Client which is signified by the opening of the Trading Account and the depositing of funds. This agreement shall be valid for an indefinite time period, unless terminated in accordance with paragraph 26 below. The Company reserves the right to amend, from time to time, any part of this Agreement for any reason. The Client shall ensure that they are informed of these changes at all times. Under such circumstances, the Client will be notified either in writing or through our Website accordingly and shall reserve the right to accept or not accept the amendments according to the provisions of this clause.
If the Company deems that the amendments are material, such amendments will take effect on the date specified in the notice to you. Any amendments will affect all ongoing business between the Company and the Client, unless we state otherwise in our notice. No amendment of the terms of this Agreement shall affect any outstanding order, transaction, or any other rights or obligations which exist at the date of amendment, unless specified otherwise in the notice.
Any order of the Client to execute a transaction s following the receipt of the notice, shall be deemed as acceptance by the Client of the contents of the amendment and of the Agreement as amended. The Client understands that it is their sole responsibility to remain up-to-date with all changes. In case the Client does not agree with the amendments, the Client shall be entitled to terminate this Agreement in accordance with paragraph 29 below.