3 ms·
> the right to sell Splunk at $127 Calls are the right to buy at $127 - the shares received can then be sold at market price. Puts are the right to sell at $1
by arcticbull 3y ago
> the right to sell Splunk at $127
Calls are the right to buy at $127 - the shares received can then be sold at market price.
Puts are the right to sell at $127 - the short position can then be closed by buying at market price.
- dang 3y agoWe did a s/sell/buy/ in the GP by the author's request. Thanks!