[niggler]

We are talking about positions on the scale of the Knight Capital Group or Rochdale Securities error (both concerning positions much larger than 1B USD), for which purchasing options could not solve the problem (the required options would be far more than options market makers would buy at a reasonable price).

Remember, just because the MM would buy or write one contract doesnt mean they'll buy or write tens or hundreds of thousands of contracts at the price.

[thingylab]

Please re-read my comment. I'm not saying you need options to get rid of a large block of shares.

What I'm saying is that trying to get rid of a lot of shares through $30MM worth of a reconv is very ineficient, if not downright stupid.