What should I do if my account cannot meet margin requirements due to exercise on the option contract expiration date?
BiyaPay typically calculates the funds required for exercising in-the-money or near-in-the-money options intermittently before market close on the expiration date; if it is calculated that your account has insufficient funds for exercise, BiyaPay may force close positions in your account to avoid margin deficiency after exercise. If you anticipate that your account may have insufficient margin after option exercise, please close positions or deposit funds in time to ensure your account meets the relevant margin requirements. Regarding account risks caused by insufficient exercise funds, BiyaPay reserves the following rights:
1. Close positions before option expiration
2. Allow options to expire worthless
3. Allow exercise and force close other positions.
Contact Us
BIYA GLOBAL LLC is a licensed entity registered with the U.S. Securities and Exchange Commission (SEC No.: 802-127417); a certified member of the Financial Industry Regulatory Authority (FINRA) (Central Registration Depository CRD No.: 325027); regulated by the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC).
BIYA GLOBAL LLC is registered with the Financial Crimes Enforcement Network (FinCEN), an agency under the U.S. Department of the Treasury, as a Money Services Business (MSB), with registration number 31000218637349, and regulated by the Financial Crimes Enforcement Network (FinCEN).
BIYA GLOBAL LIMITED is a registered Financial Service Provider (FSP) in New Zealand, with registration number FSP1007221, and is also a registered member of the Financial Services Complaints Limited (FSCL), an independent dispute resolution scheme in New Zealand.