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Options settle T+1. 3 business days for share settled I believe - equities are T+3
http://www.sec.gov/investor/pubs/tplus3.htm
[quote=DebunkingMyths]Options settle T+1. 3 business days for share settled I believe - equities are T+3
http://www.sec.gov/investor/pubs/tplus3.htm[/quote]
Is it 1 business day after the options writer is assigned the notice of exercise? I know that it usually takes about 2 business days for a clearing firm to notify the assignment after the purchaser exercised the contract.
bump
Regular equities are T+3 Options are 1 day
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