Regulatory Alerts2025-11-17 | Information Notice 11/17/25Added · Updated
FINRA Reminds Firms of Exercise Cut-Off Time for Options Expiring on the Friday After Thanksgiving
FINRA reminds member firms that the exercise cut-off time for standardized equity options expiring on November 28, 2025, is 2:30 p.m. ET, rather than the standard 5:30 p.m. ET deadline. This adjustment follows the national options exchanges' early closing at 1:00 p.m. ET on that date. Option holders must submit any Contrary Exercise Advice by 2:30 p.m. ET to override automatic exercise procedures.
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