Hello All,

I sold 10 PUT option contacts of $FRC for $4.5 strike price. The options are now in the money as the stock price has crashed to $3.20 and I am seeing news that the FRC bank might be going into FDIC receivership. In this case, what will happen to my options? Would the options we exercised and I will own the shares? or will I lose all the$4500? The options expires May 12th.

I tried to look online for this, but couldn't find any answer that talked about In the money put option sellers.

Please let me know if you know what would happen to these options. I saw a post by another user here about FRC but it didn't answer my questions. Please let me know if you need any other piece of information.

Thanks!