|
|
|
|
|
|
by dpierce9
1799 days ago
|
|
|
They sold Amazon calls going into COVID. A call is a right to buy so selling a call means you have an obligation to sell the stock to the buyer at the strike price on or before the expiry (assuming American option). Can’t see the strike price or expiry but there is no way they didn’t lose money on that trade since Amazon was up up up and away every month after that and it would have had to be way out of the money not to trigger. In other words, not a particularly heads up trade. |
|
|