Would you please clarify the quantity of the option positions? Any help would be appreciated.
Specifically, on the 1/28/2013 purchase of the Jan 2015 Calls, you show "shares" of 987,297, which I presume is 9,873 contracts. Is that correct?
If so, he paid 13.92, so the cash paid would be $137,432, right? . . and that's on calls expiring in 2015.
Therefore, *if* exercised, the total cost would be the strike (26). plus the Opt Price (13.92), or $39.92, times 987,297, which you stat in "Total Posn" of $39.4MM.
He's also indicated he'd like to exercise, if given regulatory approval, but does that mean he *has* to exercise?
If he doesn't have to exercise, then he can hold the options until 2015, at a cost of just $137MM . . is that right?
Thanks in advance.
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