Uccmal Posted November 20, 2009 Share Posted November 20, 2009 Well I spoke to my broker - TD Waterhouse. I am told that "normally" when a company is delisted the CBOE will adjust the options accordingly, which in this case means they will likely be tied to the underlying Canadian stock and adjusted to accomodate exchange rates etc. The CBOE will make an announcement at some time on their web site as to what they will do. Please do not take this as gospel as I am dealing with a discount broker not the full service variety. If anyone hear's other news please post. Cheers, A. Link to comment Share on other sites More sharing options...
oldye Posted November 21, 2009 Share Posted November 21, 2009 Thanks Al, I got "Business as Usual" from Schwab...so hopefully they're both right and we won't see any changes. Link to comment Share on other sites More sharing options...
Parsad Posted November 22, 2009 Share Posted November 22, 2009 Here's the answer from the CBOE on what happens to the options. Basically, the open positions stay open, but no new ones are created. Cheers! http://www.cboe.com/LearnCenter/OCShowDocument.aspx?DIR=LCOptionsCorner&FILE=20020613.doc&CreateDate=13.06.2002 Link to comment Share on other sites More sharing options...
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