Thanks I think it is the timing of that exercise that I am not sure of. I guess so since I don't have the obligation to buy - it would make sense that the exercise wouldn't be automatic.
So my question is - if I want to exercise the 'in the money' option must I do that on or before the expiry date?
If I just let that in the money option expire will I be eligible for any return?
Very basic questions I know but I want to be very sure I understand thoroughly.
