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