Online brokers charge an exercise fee to clients who decide to exercise an option instead of closing the option itself.
The term exercise is defined as (source thinkorswim), "Exercise is the term used when the owner of a call or put (i.e. someone who has a long position in a call or put) uses his right to buy (in the case of a call) or sell (in the case of a put) the stock."
A list of the fees charged by online brokerages for exercising options are listed below.
Published on Monday, June 27th, 2016 .