JD:
Exactly what I posted some days ago.
The biggest problem for the s/p is the 30c options. Most holders will not be able/or want to find the money to exercise.
They will have to quit the options at a late date and exercise what they can afford, then sell the shares to finance the balance that they want to hold.
It will be a time of substantial selling pressure that will need huge buying to offset.
Timing of Announcement, page-212
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