Everything You Wanted to Know About Options but Were Afraid to Ask
IBKR Podcasts
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How to Exercise Equity Options
As far as the options are concerned the thing that you should really understand especially let's talk about equity options specifically once you buy an option and you are along that option you maintain the right to exercise that option. When you exercise or if you are assigned how quickly after that you are incurring either the liability of having a short or long position in the underlying or you are exercising the option. You need to understand from your brokerage or trading firm how real that position is as far as whether or not you can trade against it immediately got it.
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