A hypothetical question. Suppose I buy a $5 put on a stock, XYZ, and suppose the stock is delisted. Suppose I do not own the stock and the stock is delisted, how is the settlement done?
Lehman Brothers Take-over: Implications for Financials [View article]
When MER sold some of its CBOs at 22 cents per dollar, with 75% financed by MER, one commentator, over CNBC, said that the effective rate is actually 5.5 cents on the dollar -- I share this view.
What Pushed the SEC to Tighten the Rules - Now? [View article]
About 2 wks ago, UK's equivalent to SEC invoked a rule on short-selling on those issues with rights in circulation. The results were good; perhaps SEC was merely following this lead.
I think a reader should not post uncomplimentary comments that merely reflect that reader's own unsubstantiated views. After all, Davis is generous to share his personal views -- on a daily basis, no less. If one does not even know how to spell (and, to this reader, English is not his native language, I apoogize for poor language usage), one's credibility is further diminished, approaching zero as the limit. Phil, keep up the good work. We enjoy your daily posts.
Monday Options Outlook: AIG, GE, BAC, XLF, SKF, SDS, WAG [View article]
Short Interest Data: Lehman, BofA, Merrill and AIG [View article]
Lehman Brothers Take-over: Implications for Financials [View article]
What Pushed the SEC to Tighten the Rules - Now? [View article]
Why I'm Committed to the UltraShort Financials ETF [View article]
Options Trader: Tuesday Outlook [View article]
Options Trader: Wednesday Outlook [View article]
Phil, keep up the good work. We enjoy your daily posts.