Summary: TRADING BLOCK MARKETS HALT ON THE OPEN AND ARE DRIFTING LOWER. THE FED PUT IS MEANINGLESS. WE’RE ALL LIVING IN A FULLY-ELECTRONIC OPTIONS MARKET! MAIL BLOCK IF MARKETS ARE SHUT AND I HAVE EXPIRING IN THE MONEY PUTS - WHAT HAPPENS? ARE THE EXPIRING OPTIONS AUTOMATICALLY EXERCISED OR DO THEY JUST EXPIRE WORTHLESS BECAUSE MARKET WAS SHUTDOWN? ANY ADVICE FOR HANDLING LARGE BID/ASK SPREADS? IS IT BETTER TO SELL OPTIONS WITH THE HOPE OF THE OPTIONS EXPIRING WORTHLESS? ARE RESTING ORDERS A GOOD IDEA?
