Presuppose that I buy put options on a Chinese company, for I think its price will drop. What happens if the it gets delisted before its price drops?
After the option is delisted, can its price still drop?
Even if I can profit from any price drop, won't it be difficult for you to buy the stock, to sell it to the put seller?
What happens when a class of options is "delisted"?
If a stock fails to maintain the minimum exchange standards for being optionable, that class of options may be "delisted." In this case, no new option series will be added at expiration, but those series already listed will continue to trade until they expire. If trading on an underlying stock is suspended by its primary market for an extraordinary reason the options exchanges will specify a procedure for the orderly liquidation of option open interest in a special bulletin.