A2M 2.25% $6.37 the a2 milk company limited

Ann: Becoming a substantial holder, page-7

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  1. 83 Posts.
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    In simple terms, a company called Yiheng Capital LLC have a $13m bet (Put Option) expiring tomorrow that A2M will be below 14 by close of trade...this doesn't include the premium they paid for the Option. So the stock price needs to be 14 minus whatever they paid for the Put just to breakeven. Refer to h00ts chalkboard for a detailed explanation of Theta burn and Black-Scholes modelling...
 
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