Trading in halted stocks

Discussion in 'Options' started by illiquid, Apr 4, 2003.

  1. In unique circumstances when a stock gets halted for a long time, what happens to options positions when they expire while stock is halted?
  2. If you are long you can exercise, if you are short you can be assigned. The automatic exercise is .75 ITM or greater as set by the OCC and the last sale price is used to determine auto ex if the stock is still halted.
  3. Thanks :)