actually 1000 shares
this was the result of the exercise of a PUT option
have a look at afg - trades at $6 - the same thing
just in case you do not understand - what happens is that in the past, some person thought that the shares would fall in price - and for that he paid a premium - to a counter party, who was prepared to accept the premium, in the anticipation, that he would not have to buy the share -but instead simply pocket the premium
one person wins, the other person lost
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- anyone explain 80c paid for cnp this am.....
anyone explain 80c paid for cnp this am....., page-2
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