Ann: Expiry of Listed Options SPXO, page-378

After the options finally disappear once and for all it should be a time for a stocktake. The GOAT on more than one occasion has said he expected to options to be exercised, even as recently as a couple of weeks ago (quite unbelievably). The grim truth is, it’s not a small miss it’s a giant miss. The stock is more than 60% below the strike price. IMHO this makes the GOATS assurances pure fantasy to which he should be held accountable. If the stock was trading say 20% below the exercise price he could blame markets interest rates etc etc. A 60% miss when you have clearly stated you expected them to be exercised is plain misleading possibly even as far as dishonest