Agxm
08-13

$Estee Lauder(EL)$ @Bonta  any idea why counterparty would excercise the contract instead of closing?

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Comments

  • Bonta
    08-13
    Bonta
    Short $100 put?
    • Agxm
      He sold his share to me.😂😂 no idea why though. He would have get same profit if he close contract.
  • Bonta
    08-13
    Bonta
    As in expiration date
    • Bonta
      I did the maths. Taking market close price at 86.405. And option closing value that’s Ard 13.95. Sell the option directly makes more sense. However, it could be cos the counter party is bearish on Estée Lauder and just want to get rid of it. Could likely be this case
    • Agxm
      This week 20240816
  • Bonta
    08-13
    Bonta
    Expiry of option?
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