The problem with a one for one option (and why I was against the...

The problem with a one for one option (and why I was against the added options in the first place) is that they enable an insto to sell out a share for a little profit (ie today at $1-10) and keep the option as a free carry over the long term. The option therefore does not encourage these insto's to have to hold shares to get the long term upside. In fact its the opposite - take the profit - remove risk and get a free carry on the option

strategic mistake imo