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clock Created with Sketch. 09/07/21
20:36
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Originally posted by dunnomuch:
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return of rehypothecated position probably refers to a SOLF position. UBS offers a product that is kind of like a loan but uses options to secure the position. When you take up a SOLF (structured option loan facility) you are Hypothecating stock, given there was a big block trade, UBS probably on-sold people's pledged securities in CGF and then took another corresponding derivatives position to make up for their selling of someone else's shares before the termination of the original options position. More than likely, some executives now have their beneficial ownership kind of strung between 2 different derivative positions and UBS have clipped the ticket at least 3 times. I don't think that
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UBS have clipped the ticket 3 times...Time to find some beefy bouncers and bounce them down the staircase out the back entrance.
(20min delay)