Post by brons on Jul 29, 2008 7:16:16 GMT -5
What happens to put and short call options of companies that have their shares canceled and taken over by their bank? It says I profited but I'm not sure how.
Say you have puts with a strikeprice of $50, will you buy the shares at $0 and put them at $50 to the writer of the put? The same goes for short calls
I found that's very easy making money on shorting companies that have no way of recovering out of their debt cycle. Too bad my holding company can't short them, to shelter tax. But oh well.
Say you have puts with a strikeprice of $50, will you buy the shares at $0 and put them at $50 to the writer of the put? The same goes for short calls
I found that's very easy making money on shorting companies that have no way of recovering out of their debt cycle. Too bad my holding company can't short them, to shelter tax. But oh well.