> If you don’t have enough buying power or underlying shares to exercise your option, we may attempt to sell the contract in the market for you within the last hour before the market closes on the options' expiration date.
卖put,single leg,我是从来没遇到过提前close,因为你已经抵押了足够的collateral去买对应的股票。你在12点PT被close,一般都是spread,而且你一定是卖的太多了。你可以试试只卖一个ATM的spread,你的buying power > 10w, 你看看会不会被提前close。
别家的risk control,比如etrade:https://us.etrade.com/l/h/options/expiration-process-risk
> E*TRADE reserves the right to liquidate or cover expiring option positions which would result in undue risk and/or margin deficit related to exercise or assignment.
> E*TRADE initiates expiration-related liquidations two hours prior to the market close but does reserve the right to begin the process sooner or later if conditions warrant any alteration