Hielko Posted November 7, 2013 Share Posted November 7, 2013 What happens to your put position when the shares are delisted? Shares will probably start trading on pink sheets soon after delisting from NYSE. Link to comment Share on other sites More sharing options...
ItsAValueTrap Posted November 7, 2013 Share Posted November 7, 2013 What happens to your put position when the shares are delisted? In the past, there have been some Chinese reverse mergers that stayed delisted halted for a long period of time. If you owned puts, you couldn't exercise them unless you owned the underlying too. So I believe you had to go out and manually buy shares. If the stock isn't halted you don't have to go through this. Hielko will probably be right about the shares being available on Pink Sheets afterwards. Link to comment Share on other sites More sharing options...
walt373 Posted November 8, 2013 Share Posted November 8, 2013 You don't have to buy shares if your account is allowed to short stocks. If you exercise, you'll just have a short position. You can't buy shares anyways, since the stock is halted. I had puts for CAST and the stock got halted. It stayed halted through the put expiration date but I exercised so I had a big short position. The stock started trading again a few months later but it was pretty scary... Link to comment Share on other sites More sharing options...
Hielko Posted November 8, 2013 Share Posted November 8, 2013 No problem with getting a borrow while the stock was halted? Link to comment Share on other sites More sharing options...
walt373 Posted November 8, 2013 Share Posted November 8, 2013 No, didn't have an issue with that. But the stock was easy to borrow and had a low borrow cost if i remember correctly, which is a little unusual for a Chinese fraud. Link to comment Share on other sites More sharing options...
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