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A comment on GOP Rep. on cyber committee dumped MSFT shortly before $10B contract scrapped. Parent comment

Re:GOP Rep. on cyber committee dumped MSFT shortly before $1... by codeddesign on Thursday July 15, 2021 @01:44AM (#27841784)
He isn’t required to buy/sell, but with options you only have 2 “options”: buy/sell, or let the contract expire. If the contract expires, you lose everything. This isn’t like holding stock. It’s a price bet in the future with an expiration date.
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Re:GOP Rep. on cyber committee dumped MSFT shortly before $1... by irjustin on Thursday July 15, 2021 @01:52AM (#27841814)
Errr, not sure if there's a misunderstanding here.

The congress person wasn't holding the options contract. He sold call options to someone else. Which actually means he "owes" stock if the contract is exercised.

The congressman is betting the contract will expire worthless and make money on the premiums when he sold the call options.

Maybe I missed something?

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