This office lease form states that the tenant shall exercise its option to renew this lease upon written notice given to the landlord no less than eighteen (18) months before the end of the lease term.
Alabama Notice of Intention to Exercise Option
State:
Multi-State
Control #:
US-OL24016
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Word;
PDF
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How to fill out Notice Of Intention To Exercise Option?
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FAQ
For example, a call option with a strike price of $50 would be in-the-money if the market price is $55. The investor who is exercising the call option would have the opportunity to purchase the stock at $50 and therefore earn $5. An in-the-money put option is when the exercise price is above the market price.
The Call options give the taker the right, but not the obligation, to buy the underlying shares at a predetermined price, on or before a predetermined date. For example, you discover a house that you'd love to purchase. Unfortunately, you won't have the cash to buy it for another three months.
If you bought a 100 shares of Tesla (NASDAQ: TSLA) at $420 and you are concerned the price might fall below $350, you can buy a TSLA put option with a strike price of $350. That way if the price drops to $300 you will be able to exercise your option and sell your stock for $350.
The most common reason for exercising is when you own call options based on an underlying security and you decide you actually want to own that underlying security. For example, you may have bought options on a particular stock, expecting that stock to go up in value.
For an option holder to ensure that they exercise the option on that particular day, the holder must notify his brokerage firm before that day's cut-off time for accepting exercise instructions. The brokerage firm notifies OCC that an option holder wishes to exercise an option.
To exercise an option, you simply advise your broker that you wish to exercise the option in your contract. Your broker will initiate an exercise notice, which informs the seller or writer of the contract that you are exercising the option.
If you exercise the call when shares trade at $120, then you buy 100 ABC shares for $110 and voila: your return is $10 per share for a total gain of $1,000. But all that fun isn't free. A call buyer must pay the seller a premium: for example, a price of $3 per share.
17.207 Exercise of options. (a) When exercising an option, the contracting officer shall provide writ- ten notice to the contractor within the time period specified in the contract.
