EFTA Document EFTA01393128

OCC and the options markets have authority to restrict the exercise of options at certain times in specified circumstances. The options markets often exercise such authority with respect to an option in which trad- ing has been halted. If a restriction on exercise is imposed at a time when trading in the option has also been halted. holders of that option will be locked Into their positions until either the exercise restriction or the trading halt has been lifted. Exercise restrictions i