Replies to post #25132 on World Surveillance Group Inc (fka WSGI)

[Esyn]

Hope this helps atleast a little?


Q: What happens with my options contracts when a company is delisted from an options exchange?

A: If a stock fails to maintain the minimum standards for price, trading volume and float prescribed by the options exchange, option trading can be wound down even before the stock is delisted by its primary market. In that case, no new series would be added at expiration. Trading in existing series would continue until they go "off the board". If trading in the underlying stock is suspended by its primary market for an extraordinary reason before the expiration of outstanding options, the options exchange will specify a procedure for the orderly liquidation of option open interest in a special bulletin.