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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (63646)7/1/1999 1:26:00 PM
From: Night Trader  Read Replies (1) of 132070
 
Mike (or anyone else), a question about options. Suppose I have put contracts out on a stock and for some reason the stock (or the general market due to some national emergency) stops trading through the expiry date and then starts up again at some time later. Are the put contracts worthless or are they still valid? It seems fair that they should still be valuable but the strict reading of the contract says that they are not.
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