Options settlement in the event of an exchange halt
Options settlement in the event of an exchange halt
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er0 · External communityPost link
External question — Personal Finance Stack Exchange
Author: er0
Original post: https://money.stackexchange.com/questions/160839
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Are in-the-money options expiring on the current day guaranteed to be exercised in the event of a level 3 trading halt? Are there any circumstances, within or outside trading halts when options may not be exercised and be allowed to lapse even if they are in-the-money?
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TainToTain · External communityPost link
External answer — Personal Finance Stack Exchange
Author: TainToTain
Original post: https://money.stackexchange.com/a/162878
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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The OCC will stop automatic exercise of options whose underlying are subject to a long-term trading halt. However, you may still exercise these options by instructing your broker to do so, and the OCC will process them as usual.
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: er0 Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/questions/160839 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Are in-the-money options expiring on the current day guaranteed to be exercised in the event of a level 3 trading halt? Are there any circumstances, within or outside trading halts when options may not be exercised and be allowed to lapse even if they are in-the-money?
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