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Long options and avoiding excercise...

Discussion in 'Options' started by optionsgirl, Feb 2, 2011.

spindr0
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Quote from optionsgirl:

I also wonder if you have a long put, then the stock goes bankrupt and gets delisted on the exchange, wouldn't this create an exercise issue as well? What happens to deep in the money LEAP options that gets delisted when there is only a month left to expiration? Can you sell them or is your only choice is to exercise them?
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Delisting does not preempt the ability to make closing transactions.

#11 Feb 7, 2011

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