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Message: Rene again

In all likelihood, she is executing a cashless option excercise. This is quite common.

In order to excercise her options before expiration, she must buy them first. Rather than dig into her own pocket, she sells an equivalent number of borrowed EDIG shares, short on margin.

The proceeds from the stock sale is utilized to buy the options which she excercises immediately. The stock she acquires from the option excercise is then used to replaced the borrowed shares in the margin account.

So, we see a sell and a buy on the same day...and Rene walks away with the net proceeds after paying for the options, any margin expense and taxes due.

DoP

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