The money I pay for shares is REAL MONEY. The contract I enter into when I push the buy button is to buy REAL SHARES. Not undated futures contracts that are not worth the paper they are not printed on.
As of noon yesterday, that is no longer how the options market works. Options MMs no longer have the right to sell counterfeit shares into the market and call them real shares.
BT
That is part of the rule enforcement announced two days ago and not part of yesterday's emergency order.