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doesn't Macquarie have to sell those WPL puts to cover...

  1. 672 Posts.
    doesn't Macquarie have to sell those WPL puts to cover itself?

    Yep. And they have...

    WPLWMR
    Description: MACQUARIE BANK 1350 WPL PUT WARRANT 24-OCT-02
    Type: Put warrant
    Issuer: MACQUARIE BANK LTD.
    Commenced Trading: 17 May 2002
    Expiry: 24 Oct 2002
    Exercise level: 13.500 (expressed in $ or index points)
    Warrants per underlying instrument: 4.0
    Exercise style: European
    Warrants issued: 20,000,000
 
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