What Happens to My Options Contract If I Don't Sell It Before It Expires on Pluang

An unsold options contract at expiry on Pluang is closed out automatically, not left to lapse: if you have not sold your position before its expiry date, Pluang force-closes any open contract on the underlying approximately one hour before market close on the day it expires. This applies whether you are holding a long call, a long put, or an unclosed short position that has not already been exercised or assigned. The outcome depends on where the contract stands at that moment — an in-the-money position is closed out at its remaining value, which is credited to your account, while an out-of-the-money position has little or nothing left to capture, so most or all of the premium you paid is lost. Because the close happens automatically on Pluang's side, you do not need to submit a manual sell order for it to take effect, though selling earlier lets you choose your own price and timing instead of accepting whatever the position is worth exactly at expiry.

• Selling before expiry gives you control: closing the position yourself ahead of the automatic close lets you pick the exact price and timing, rather than accepting whatever the contract happens to be worth at the moment Pluang steps in.
• Applies regardless of direction: long calls, long puts, and any short position not yet exercised or assigned are all covered — there is no separate opt-out for holding a contract through to expiry.
• Distinct from early exercise or assignment: because Pluang's options are American-style, a short position can already be exercised or assigned by the counterparty at any point before expiry. The automatic close described here is what happens to whatever is still open once expiry day itself arrives.
• No extra request needed: the close is triggered automatically by Pluang's systems on expiry day — you don't need to send a notification, confirmation, or separate instruction for it to happen.

Related questions:

Q: Can I sell my options contract myself instead of waiting for it to be closed automatically?
Yes — you can sell or close your position at any point before the automatic close, and doing so is usually the better choice if you want a specific price rather than whatever the contract happens to be worth right before market close on expiry day. Once the automatic close takes place, you lose the ability to choose your own exit price or timing; the outcome is fixed at whatever the position is worth at that moment. There is no requirement to hold a contract all the way to expiry.

Q: Does the automatic close at expiry apply to both call and put options?
Yes — the automatic close applies to any open options position on the underlying regardless of whether it's a call or a put, and regardless of whether you're long or short. The only difference between contract types is the outcome you receive, which depends on whether the position is in-the-money or out-of-the-money at the moment the close happens, not on whether it's a call or a put.

Q: Will Pluang notify me before my unsold contract is closed at expiry?
The close itself happens automatically on Pluang's side and does not require any action or confirmation from you, but you should still track your open positions in the days leading up to expiry rather than relying on a last-minute alert. Because the outcome is determined at the exact moment the position is force-closed, monitoring the underlying price and your contract's status yourself gives you a better sense of what to expect than waiting to find out after the fact.

Q: What price do I get if my unsold contract is closed automatically at expiry?
You receive whatever the contract's remaining value is at the moment of the automatic close, roughly one hour before market close on expiry day — there is no separate final settlement price calculated afterward. An in-the-money contract is closed out at its remaining value, credited to your account; an out-of-the-money contract has little or no value left, so most or all of the premium you originally paid is lost. This is the same outcome a manual sell at that exact moment would give you, just executed by Pluang instead of you.