Replies to post #123 on Market Vectors Russia ETF Trust Shares fka RSX

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How Are Options Handled When the Market Stops?

When trading is halted, the related options are frozen. You still retain the right to exercise them though. This is because it’s a binding contract with all rights and obligations implicitly laid out in the terms. Should the exchange nullify, restrict, or alter these terms, it would constitute a breach of contract.