What happened to options market during 9/11?

[alanm]

It's interesting that the OCC remained open for business, including Monday 9/11. I would have expected them to give affected firms time to get their systems running again. I was short a bunch of puts that were already ITM, and went further ITM. None of them got assigned.

 

[daddy'sboy]

alanm wrote: "I was short a bunch of puts that were already ITM, and went further ITM. None of them got assigned."
Depends on how much extrinsic value was left in your puts.
daddy's boy

 

[Don87109]

Quote from alanm:

It's interesting that the OCC remained open for business, including Monday 9/11. I would have expected them to give affected firms time to get their systems running again. I was short a bunch of puts that were already ITM, and went further ITM. None of them got assigned.

Do you mean that none got assigned at expiration? That would be pretty unusual.

Don

 

[segv]

Quote from a529612:

What happened to the options market when the exchange was closed for a few days and you wanted to get out?

Heavy drinking.

-segv

 

[alanm]

Quote from Don87109:

Do you mean that none got assigned at expiration? That would be pretty unusual.

Don

None were assigned during that week, when the markets were closed. I think I bought them back in some time during the following week. They were mostly September contracts, if I recall correctly, and had little extrinsic value in them. I'll look up the details.