Contact your broker for more info but once the oppies stop...

Contact your broker for more info but once the oppies stop trading in 2 days time (bloody hell), there will be a new code, WTEN, deferred settlement. This means that options holders will now have the same amount of WTEN's (fully paid but deferred WTE's) as they have WTEO's. They can sell into this market but they must then exercise. So, if come the 29th of Dec the fully paids are say 5.5 (I wish) then you can sell your WTEN's at whatever the market is say 5.4, but you must then exercise on the 31st or else you will be short WTE's when the deferred settlement kicks in. Like I said, contact your broker for a better explanation.