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I was recently informed by customer service at IB that you are allowed to keep the underlying if your options are assigned ! But make sure your underlying are HMRC reporting! https://www.bogleheads.org/wiki/Vanguard_US_domiciled_ETFs_that_are_HMRC_reporting_funds , and you have enough cash/ margin to buy 100 x ETF. Therefore, sell some ATM (or slightly OTM) ...


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