I own some put options on a stock. What happens if the stock is halted for trading? Of course, I know that the options won't trade. But assuming that a halt continues through option expiration this month, can I exercise my put option into a short with the stock halted? Someone told me that I was at risk because if I can't exercise the option because of the halt, then my option, although it is in the money, will expire worthless. Is that true?A great resource for finding answers and information on just about anything to do with options is the Options Industry Council Web site. If you have a specific question, especially regarding trading procedures and rulings, you can telephone 1-800-OPTIONS and pose your question to a live OIC staff person. I made that call and received the following answer to the question above.
If You're Caught Holding Halted Options
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