SBM 0.00% 34.0¢ st barbara limited

$1600 puts

  1. 2,990 Posts.
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    I thought SBM set up a collar trade with $1600 puts when gold was around $1700 and at the time HC followers were jumping up and down.

    Won't they just continue to exercise the Puts and sell gold at $1600, which is just about where we have been selling it over the last year.

    Did I miss something?
 
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