Thursday, October 8, 2009

GameStop Corp and Nike Inc. Puts (Update)

On the 1st and 6th of this month we repurchased our two outstanding Nike puts, and four outstanding GameStop puts, respectively, each at $5.00 per put. By closing these transactions prior to their scheduled expiration, we eliminate all risks of the stocks declining below the strike prices (albeit a slight risk at current prices) as well as free up the reserved cash for other investment.

0 comments:

Post a Comment