Reasons for the
absence of a liquid secondary market on an exchange include the following: (1) there may be insufficient trading interest in
certain options; (2) an exchange may impose restrictions on opening transactions or closing transactions or both; (3) trading halts, suspensions or other restrictions may be imposed with respect to particular
classes or series
of options; (4) unusual or unforeseen circumstances may interrupt normal operations on an exchange; (5) the facilities
of an exchange or the Options Clearing Corporation (OCC) may not at all times be adequate to handle current trading volume; or (6) one or more exchanges could, for economic or other reasons, decide or be compelled at some future date to discontinue the trading
of options (or a