Auto Exercise Feature
How to auto-exercise your Dopex options

Introduction to auto-exercising

What is auto-exercising?
Auto-exercising is a function that automatically exercises in-the-money options at the expiration date.
Why use auto-exercising?
To make sure all your winning trades settle. You don’t need to be online, everything will be done for you.
How to set-up auto-exercising?
There are two ways:
  1. 1.
    Delegate your options at the time of buying from the purchasing interface.
  2. 2.
    Delegate them at any time, from the portfolio management interface.
Other things worth knowing:
When you delegate an option, it will be sent to a smart contract. For this reason, a delegated option can’t be transferred or traded. If you would like to transfer or trade it, you need to unstake it from the delegator contract first.


Options available on the Dopex platform are known as “European”. The key feature of a European option is that it can be exercised only at the expiration, during a specified time window. If, at this time, the value of the option is positive (the spot price is above the strike price for call options or below the strike price for put options), exercising the option would result in some gains to the option holder. One trick though - the person holding the option has to declare they exercise it. If they don’t do this, the option will expire worthless. Obviously, buying an option, having a profitable position and failing to exercise it is going to be a frustrating experience for users. For this reason, you can use an auto-exercising contract. This contract will exercise all the profitable positions for the user.
Is there any downside?
All the options will be delegated to a smart contract. If you would like to trade your options, send them to some other addresses etc, you’ll need to unstake first.

Step-by-step instructions for SSOV auto-exercising:

  1. 1.
    You can delegate the options for an auto-exercise at the time of purchase or;
  2. 2.
    You can also choose to delegate them at any other time.
To do this, simply go to the manage section e.g:, connect your wallet and click here:
Click on the dotted button to enable auto-exercise
If you still have any other questions, feel free to hop on to our Discord:
Last modified 7d ago