Stixy, you don't have to exercise options to trade them.If you...

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  1. 70 Posts.
    Stixy, you don't have to exercise options to trade them.

    If you want to exercise options of course you need the money in your account to buy the underlying (or the stock to sell for puts).

    If they expire in the money, your broker should automatically exercise them for you and pass on any profits after fees and commissions to you.
 
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