@WhatCanIMT@mister_z999 If it's past cutoff time it'll be T+2. For example, i notify counterparty of exercising at 3pm on July 15th it may be seen as T+2, whereas if i notified them at 9am, it would be seen as regular T+1.
@BullTheoryio And then the exchanges feed all the sell orders to the dark market, let all the buy orders hit the lit market, and the panic drop is avoided.