4 ms·
it is possible for two of the three parties to realise a profit at the strike, and the third to ultimately profit from holding the security. it does follow tha
by randomcarbloke 6y ago
it is possible for two of the three parties to realise a profit at the strike, and the third to ultimately profit from holding the security.
it does follow that a and then b could have made more profit by not lending or selling, but it is far from zero-sum.