11-30-2010, 08:15 PM
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Half-Ass Member
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Join Date: Jun 2005
Cobra Make, Engine: ERA #732, 428FE (447 CID), TKO600, Solid Flat Tappet Cam, Tons of Aluminum
Posts: 22,025
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Not Ranked
Quote:
Originally Posted by ERA Chas
You mean a May 49,900 call? I don't think he would write a naked call. Oh wait-he will still own it so it's hedged, not naked.
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Yep, and he could justify it by saying that the option conveyed an "inchoate equitable property right" so the price increase was no longer applicable. I just made that up but it sounds pretty good, doesn't it? |
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