What happens to puts if stock is delisted?

The delisting of a stock often signifies a significant change in its trading status. One of the immediate consequences of such an event is the cessation of options trading on the stock. This can have a profound impact on options holders, as they are no longer able to buy or sell their options in the open market.

Despite the halt in trading, options holders retain the fundamental right to exercise their options. This means that they can still choose to use their options contracts to acquire or sell the underlying stock, depending on the terms of the contract.

The exercise of options can be a strategic move for holders who believe that the underlying stock still has value. It allows them to capitalize on their investment, even in the face of the stock's delisting.

On the other hand, options holders may choose not to exercise their options if they believe that the underlying stock's value has diminished significantly. In such cases, they may choose to let their options expire, effectively abandoning their investment.

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