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You cannot buy put options during the lockout period. It's specifically spelled out in the option agreement. It's pretty airtight.
by ww520 15y ago
You cannot buy put options during the lockout period. It's specifically spelled out in the option agreement. It's pretty airtight.
- joshhart 15y agoYep. I'm one of the locked up employees at LinkedIn and I can't buy options (puts or calls) as part of my agreement. So there's no way to hedge. I should note though that the executives and venture capitalists are ALSO locked out, which is why you don't see LinkedIn stock entering the market currently.
- brown9-2 15y agoTypically employees of a public company have to agree to never trade in options involving the company for the duration of their employment.