News for hackers. Stuff that matters.

A comment on Nikola admits prototype was rolling downhill in promotional video. Parent comment

Re:Nikola admits prototype was rolling downhill in promotion... by coolspot on Monday September 14, 2020 @03:21PM (#24474019)
They probably can sell calls against those shares, basically getting risk-free money regardless of NKLA price in future.
[ Parent | on HN ]
Re:Nikola admits prototype was rolling downhill in promotion... by mrep on Tuesday September 15, 2020 @07:57AM (#24480185)
Doubt it because if it got exercised they would be selling their stock. Otherwise, they just be able to sell daily calls at 1 cent below the price for no premium and watch it exercise and thus liquidating the stock they are supposed to hold onto.
[ Parent | on HN ]