RobinHood added the ability to exercise contracts in the app

From the update:

Our team has been hard at work making improvements to our options offering and we would like to share some of them with you today. Many of the updates are already live in your app and we have even more coming soon. Here are some highlights:

We’ve added the ability to exercise contracts in the app: Instead of contacting support to exercise contracts, you can now exercise your long contracts from your options position screens. Additionally, with instant exercise, funds and shares from exercises are available immediately during market hours.

We’ve included new guidance to help with early assignment scenarios: If you have an early assignment, a new resolution flow will help guide you through the potential actions of exercising contracts or trading shares to resolve an account deficit. You can now also buy shares in the app if you’re in a short position due to an early assignment.

We’re making buying power easier to understand: We've begun rolling out updates to how buying power is shown in the app. Instead of showing negative buying power, we’ll show your account deficit amount and the actions you can take to resolve your deficit based on your trading situation.

We’re continuing to expand our options education resources: You can read about advanced options strategies and topics like early options assignments in our Help Center right now, and we’ll be adding more resources in the future.

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