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title: "FIX 5.0 SP2 EP292: LegOptionExerciseEarliestTime <41509> field – FIX Dictionary – Onix Solutions"
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# LegOptionExerciseEarliestTime <41509> field

## FIX 5.0 SP2 EP292

### Description

 Type: [LocalMktTime](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep292/index.html#LocalMktTime)

 The earliest time at which notice of exercise can be given by the buyer to the seller (or seller's agent) (i) on the expriation date, in the case of a European style option, (ii) on each Bermuda option exercise date and the expiration date, in the case of a Bermuda style option, (iii) the commencement date to, and including, the expiration date, in the case of an American option.

### Used In

- [<LegOptionExerciseDates>](https://www.onixs.biz/fix-dictionary/5.0.sp2.ep292/compBlock_LegOptionExerciseDates.html)

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