2 ms·
Errr, not sure if there's a misunderstanding here. The congress person wasn't holding the options contract. He sold call options to someone else. Which actuall
by irjustin 5y ago
Errr, not sure if there's a misunderstanding here.
The congress person wasn't holding the options contract. He sold call options to someone else. Which actually means he "owes" stock if the contract is exercised.
The congressman is betting the contract will expire worthless and make money on the premiums when he sold the call options.
Maybe I missed something?