Quoted By:
let me think it through with a green text
>buys shares for $160,711,500 ($95 per share cost basis)
>sell covered calls, collects $259,506.78 ($16 per contract less $0.66 per contract fee)
>buys protective puts, pays $259,506.78 ($16 per contract less $0.66 per contract fee)
>if price closes > $95, then sell shares at $95 (no fees on assignment)
>if price closes < $95, then sell shares at $95 (no fees on exercise)
yea im stumped on this play, other than it being a way to manipulate liquidity/float without risk
