What happened to options market during 9/11?

Discussion in 'Options' started by a529612, May 23, 2006.

  1. alanm

    alanm

    It's interesting that the OCC remained open for business, including Monday 9/11. I would have expected them to give affected firms time to get their systems running again. I was short a bunch of puts that were already ITM, and went further ITM. None of them got assigned.
     
    #11     May 23, 2006
  2. alanm wrote: "I was short a bunch of puts that were already ITM, and went further ITM. None of them got assigned."
    Depends on how much extrinsic value was left in your puts.
    daddy's boy
     
    #12     May 24, 2006
  3. Do you mean that none got assigned at expiration? That would be pretty unusual.

    Don
     
    #13     May 24, 2006
  4. segv

    segv

    Heavy drinking.

    -segv
     
    #14     May 24, 2006
  5. alanm

    alanm


    None were assigned during that week, when the markets were closed. I think I bought them back in some time during the following week. They were mostly September contracts, if I recall correctly, and had little extrinsic value in them. I'll look up the details.
     
    #15     May 24, 2006