CNP 0.00% 4.0¢ cnpr group

anyone explain 80c paid for cnp this am....., page-2

  1. 29,816 Posts.
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    actually 1000 shares

    this was the result of the exercise of a PUT option

    have a look at afg - trades at $6 - the same thing

    just in case you do not understand - what happens is that in the past, some person thought that the shares would fall in price - and for that he paid a premium - to a counter party, who was prepared to accept the premium, in the anticipation, that he would not have to buy the share -but instead simply pocket the premium

    one person wins, the other person lost
 
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Currently unlisted public company.

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