4 ms·
>It's about potential damages from ALL possible lawsuits from pissed off short-sellers. What happens if you bought calls for a price higher than $420? They ar
by compcoffee 8y ago
>It's about potential damages from ALL possible lawsuits from pissed off short-sellers.
What happens if you bought calls for a price higher than $420? They are worthless. You don't have to be a short-seller to have been burned by this.
- dragontamer 8y ago> What happens if you bought calls for a price higher than $420? They are worthless. To be fair, they always were worthless at best, the company would be bought at $420 (and no higher). ------- I think you mean "bought calls at strike price $400" (leaving ~$20 buffer before the presumed buyout price). If Tesla were bought at $420, then calls at strike $400 would be worth $20 each. Of course, as the $420 buyout price is falling apart, a call@400 is looking pretty worthless right now.