M****9 发帖数: 912 | 1 Yes, I know.
But I mean if stock price is upper than stike pice, is it possible buyer do
not excercise his right?
hehe |
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M****9 发帖数: 912 | 2 Do you mean this:
So suppose xyz reaches strike prices 2 months before expired date(
significant amount of time).
In such situation, call holder will not excerice, right?
He may hold or sell his call, right?
Until the call itself price is lower than his buy_in price, and xyz is
uppper than strike price, he will excercise, am I right? |
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s*******e 发帖数: 432 | 3 If you add any deep-in-money the call price and the strike price, there is
is a difference of about $0.15 between the sum and the stock price($24.99),
for example call at $2.50 is $22.35, thus you will pay 24.99-22.35 = 2.64
for the shorting call and buy stock transaction. If the owner of the option
excercise one day before the dividend day, you will lose since you will be
paid $2.5 for the exercise of the option and no dividend which can not offset what you paid $2.65, so you lose $0.14 |
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g*****u 发帖数: 14294 | 4 今天截至不假。
如果不close并且in the money call, 那么必须提前通知broker, 否则自动excercise.
Scott好像是多1分都会被assign. |
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b******r 发帖数: 16603 | 5 The lowest price on Friday was less than 165.I thought LZ was selling
puts and someone excercised? |
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Z****g 发帖数: 13731 | 6 true to some degree...
that's why people need to excercise. |
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x****t 发帖数: 67 | 7 相当不错,不知道这次excercise date过了怎么样。 |
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w*******o 发帖数: 6125 | 8 村长,要么将我们周五到期的包子Option提前Excercise了?
可以给你打个8折, 80WB就好了,kaka |
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f*i 发帖数: 531 | 9 好像CFO excercise options 后卖点股票.
有问题?
今天突破27了. |
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t***h 发帖数: 79 | 10 The one who owns the puts has the choice to excercise them or not. If he
doesn't want to excersie, he has to call his broker within an hour or so
after Fri market closes, and tell them not to. In that case, your short
position will not be assigned.
There alwasy a chance that within that hour after 4pm on Fri, the person
suddenly see things differently and willing to give up the obivouse gain. |
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s*******e 发帖数: 432 | 11 If you do not exercise American put the following can happend
There is a possibility that the intrinsic value of the put could be equal or
large than the put option price. When the the intrinsic value is large than
the option price, you can buy the stock ,exercise the option, use the money
you get to buy another same option but with some profit, so you can profit
without risk. Also if you do not excercise,the other party who sold the
option will be able to take some riskless money off the trade... 阅读全帖 |
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S*******s 发帖数: 13043 | 12 no it is not margin call. it is the new rule mentioned by op. on 7/1, I had
200+ naked short put itm. and they were assigned. but today they are forced
to be cleard. both were with margin less than equity, until they were
excercised until the weekend. |
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b******r 发帖数: 16603 | 13 buy back on oe or excercise |
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b******r 发帖数: 16603 | 14 太接近了,希望明天不要有人excercise otm calls,
让我顺利roll over吧。。 |
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p********y 发帖数: 5044 | 15 还是不理解, 比如我买SPY 112 put, 到期了收在114, 那我就亏了2块钱+ excercise
fee吗? 114-112是不是你说的差额? |
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r***l 发帖数: 9084 | 16 option premium计到cash里面我明白了,不过想不通下面这个例子
手续费都不计,比如目前net liquidation $10,000, xyz股票当前价格$50, 卖了个1个
put $5 at $50 strike, 这个时候IB的Net liquidation value应该还是$10,000.然后
买put的人糊涂马上excercise了put, 我账户里面出现100股xyz价格是$50, 因为当前市
场价格就是$50,这100股我不亏不赚,但因为多收premium,这个时候net liquidation
应该会jump到$10,500吧。
我意思是,IB里面的net liquidation value在naked put被执行后应该跳跃premium的
数值, 可我在我账户里面没看出来,还是需要等过了周末settle? 多谢赐教了 |
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l***s 发帖数: 259 | 17 Gurus,
I need to exercise some stock options due to company merge this month, which
is a unexpected event.
and i got two options, cash exercise or same day sale, i'd like to push some
taxable income to next year or even later if possible.
Does it make any difference which option i choose? if i cash exercise, the
stock will be converted to the stock of the new company later this month,
will it be considered a taxable event? so eventually there is no difference between the two options as far as ta... 阅读全帖 |
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t**********d 发帖数: 102 | 18 你可以cash exercise, 放一年,再賣,tax rate 屬於long term ,15%
或你可以exercise and sell 同一天,(應該有 non cash exercise/settlement 的),就是你不出
一分錢,broker 直接把差價(gain)給你,如果是這樣,就是short term, tax rate
25%
完全看你對公司和他的股價有沒有信心。如果你做short term,如果你IRA 有room,再
把gain 放到 IRA account,可以稍微避點稅。
Key: tax 差15%
Stock price - never know, maybe >15% both directions |
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l***s 发帖数: 259 | 19 thanks a lot, I need to push some taxable income to next year..
so if i exercise and sell, I will pay the ordinary income tax on (current
option - option grant price), and I cannot offset other short term capital
loss, correct?
if purchase and hold for a year, there will not be any taxable event right
now and I will pay for 15% tax on (future price - option grant price) later
on, correct? even if I sell it within one year, at least I don't have to pay
tax for 2010?
if i choose 2nd option, does i... 阅读全帖 |
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S******7 发帖数: 561 | 20 前个贴说:
short term 的 是15%
Long term 的是 25-28% (hold 一年)
跟这里是相反的,SHORT TERM, LONG TERM,到底哪个税低呢?
),就是你不出
rate |
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t**********d 发帖数: 102 | 21 哎呀呀,寫反了,u r right。
Long term 的低 15%
short term 的高 25% |
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t**********d 发帖数: 102 | 22 Question 1: first, you have to get long term and short term capital gain/loss calculation
separately, and then to find your total net capital loss (long term and
short term). In your case, you can use your short-term loss to offset the
capital gain from exercising the option. If you still have the loss, you can
deduct the net loss from your other income, max. amount is $3000. The
remaining can be carry forwarded and can be used to deduct the next year's
income.
Question 2: If you purchase and ho... 阅读全帖 |
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l***s 发帖数: 259 | 23 awesome thanks!
/loss calculation
can
stay |
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S*******s 发帖数: 13043 | 24 和很多人的直觉不一致,OTM的期权仍然可能会被excercise. |
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f*******h 发帖数: 721 | 25 Goldman Sachs 的股价反映市场过于悲观,price in 的只有potential downside,没有
potential upside. GS被大大低估了,P/B才只有0.7。
从美国房地产开始进入复苏阶段来看,美国经济这一轮上升周期至少还有四年。房地产
复苏的第一波受益者,在金融业里,是专注放贷的商业银行WFC, USB, BAC,在实业里是
建筑业,建筑机械,卡车,接下来是因为购房带动的消费服务业和装潢,家具,电器电
子等轻工业。最后所有这些都会创造很多商业并购,分拆,大规模融资的deal,有投资
银行业务的,如JPM, MS, GS会大大受益。而GS又是投行绝对的No1.虽然,由于显然的
原因,金融业整体未必能再达到08年前的繁荣,但投行里GS的对手Lehman, Bear
stearn 都不存在了,所以在这一波景气复苏中反而可能赚得更多。
这些都是市场没有price in 的。
用Blankfein的话说:I tend to be a little more positive than what I’m hearing
from other people.On... 阅读全帖 |
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b******r 发帖数: 16603 | 26 大湿,认输吧!大湿!
衰人们今天就excercise下周SPY call了,吃相太难看了,靠!太明目张胆了,
太有伺无恐了! |
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d*******e 发帖数: 617 | 27 somebody excercised his/her call/put, or the brokerage reported some trade
late. |
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b******r 发帖数: 16603 | 28 by the way, if you don't really bother your options get excercised, you
probably will be fine. For me, premium is a bonus. Not really rely on this
as income traders. |
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b******r 发帖数: 16603 | 29 有人提前excercise了ITM SPY靠。。。俺就被迫提前一天增加了SPY的空仓。
这种情况倒也不少见。但通常下个礼拜都是俺比较惨。 |
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b*******n 发帖数: 5065 | 30
和券商有关。
有的给你excercise, 有的只给你 差价。 |
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N**********p 发帖数: 408 | 31 这样的话,call的市场价会涨的,你在excercise之前卖,盈利跟股价没啥关系,只是
call的交易差值。
call
's |
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D*****7 发帖数: 766 | 32 谢谢提醒,已经修改了。
是“卖”,整个7月卖的share数比Excercise的要多36K。 |
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b*******n 发帖数: 5065 | 33
当时他捞的JCP。
无关紧要,就是期权到期是清仓还是excercise的问题。 |
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w****j 发帖数: 6262 | 34 sigh,别提了,就是怕没钱Excercise,没拿到收盘,下午卖掉了,还是亏了一半。不过
总算不是血本无归。下次再也不这么赌了,简直莫名其妙。er完了不涨反跌,第二天抽
风。 |
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s*i 发帖数: 5025 | 35 即使你能excercise,完全丧失应得的time value。
想lock profit的话,按照楼上建议,short股票。第二天同时都去掉好了。
[发表自未名空间手机版 - m.mitbbs.com] |
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p******e 发帖数: 17163 | 36 理论上是这样。所以尽量不碰open interest 和 量太小的。但是应该不至于卖不出,
因为市场专门有人在找arbitrage的机会,如果in the money的话,最多给点discount
也是有人出来要的,然后他们在转手excercise。 |
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p******e 发帖数: 17163 | 37 就是假设你自己excercise然后马上以市价卖掉,扣掉交易费,能赚多少,然后比这个
少一点就会有人要了。理论上来说,只要有一分钱的利就会有人做的。要知道这是无风
险套利。当然如果你到了最后几分钟和/或者你的那个股实在太偏了,那就难说了。但
是相信现在很多
arbitrage的都是电脑再搞,不至于会miss。
不过in the money期权放到最后几分钟应该很少吧。
[在 youandstock (好心情) 的大作中提到:]
:非常感谢!
:请问你说的discount的意思就是卖的时候价格定的低一点对么?
:........... |
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i******y 发帖数: 1049 | 38 为啥不能用全部的钱exercise一部分,用proceeds再excercise一部分。。。。。。直
到exercise完? |
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r***s 发帖数: 1805 | 39 这是个很现实的问题.不但有时候买不到理想的价位,买到了经常有一腿在你可能赢利的
时候被人excercise了.尤其是deep ITM的冷不丁就过夜不见了,如果市场刚好剧烈变动,
就完蛋了.我这样损失过好几次.所以我至今只敢在小帐号玩玩,不敢上量. |
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c*******9 发帖数: 6411 | 40 options are waste asset and are priced to expire worthless, so the risk is
very high. you are alomost certain to lose.
1 contract is for 100 shares, the liqudity is good (you can look at the open
interests), if you buy a call, you can sell to close without excercise
during the period. |
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K*C 发帖数: 2825 | 41 假设卖出去的call被人提前excercise了,保护call会自动启动吗?还是只是从你账户
先提出一定数量股票 |
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r*****e 发帖数: 7853 | 42 卖的call in the money了,股票明天要发 cash dividend 了,今天晚上会不会被提前
excercise了? |
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w*****e 发帖数: 931 | 43 卖的JD的$44 covered call今天到期了,fidelity什么时候把它卖掉? |
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r*******4 发帖数: 1484 | 45 那只应该和premium有关系吧。我是说premium当零算,还把excercise就能拿到的价打
个折。就等于你想从银行一块钱拿出来,人家只给你九毛。 |
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l****e 发帖数: 476 | 46 status is the biggest concern for us immigrant workers, hopefully INS can
get something out pretty quick, given the pressure of IT industry. they
certain want to keep those skilled cheap labor anyway, the problem is
INS is a big slow a**h**e and recently buried with LIFE act processings.
for some people, to be laid off is a nice relax chance, like 6 months' package,
1 year excercisable stock options, man, it is like a paid long vacation.
performance based workforce reduction is usually called at |
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c***z 发帖数: 6348 | 47 除非你是founder。
许多startup死掉,没什么好说的;成功的那些,大部分是被买下,你的股票最后值多
少鬼才知道;只有很少很少的IPO,就算这样,公司可以有各种办法搞你,直接一点的
像zygna,开了你,间接一点的改vest和excercise的terms。 |
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m**i 发帖数: 8296 | 48 他们做的是广播体操啊。。。老形式有了新内容了啊。
人家还是很赞赏广播体操的。youtube上搜 china morning excercising
就好比一个胖乎乎又慢三拍的小媳妇儿,其实身体里痰湿重要好好调养和补充,但是那
么大的个头多人眼睛盯着呢,干点什么都可能有人说——你偷吃。
=_=b~` |
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b**l 发帖数: 33123 | 49 This is not an issue: It is for fun and relax, not for excercise. |
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c**********N 发帖数: 1273 | 50 2-bedroom apartment in professionally managed building for rent. Heating and
hot water, cooking gas included. Outdoor pool, excercise room(Gym) and
function room in basement. Conviniently located on bus line. Route 34, 34E,
40 pass front door.
Elevator in building, $1175/month.
please contact 617-9599416 |
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