Re:S&P 500 triggers 15-minute trading halt for the second ti...
by hbbio on Thursday March 12, 2020 @10:34AM
(#22557258)
He's shorting Chipotle and I doubt he works there.
Re:S&P 500 triggers 15-minute trading halt for the second ti...
by songzme on Thursday March 12, 2020 @10:42AM
(#22557347)
that's right, I don't work at chipotle and I made sure I don't short my employer's stock.
Also correct, I'm essentially shorting the entire equity market. Chipotle is very volatile so there would be quite an upside if market trends downwards.
You probably won’t get caught, but buying puts, or anything modeled to behave like one, for your employer’s stock is almost certainly a violation of your employment contract if they’ve granted you RSUs.
“You will not short, or otherwise participate in derivatives associated with the stock” is standard RSU boiler plate.