On Monday morning, which was just four days ago (but feels like at least a month ago, and I’m serious), I asked the group what happens with owners of options in companies whose trading is halted. The day was too insane for me to check for answers, but thanks to this Forbes article, now I know.
For instance, let’s say that a month ago, you were struck by a vision that Silicon Valley Bank and Signature Bank of New York were totally doomed, and you loaded your entire portfolio into March 17 2023 puts on both of these. And then the news tumbles out, which blasts SIVB to pieces (which this chart under-represents, because the price is actually $0 now)………
