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A comment on Cisco Acquires Splunk. Parent comment
Calls are the right to buy at $127 - the shares received can then be sold at market price.
Puts are the right to sell at $127 - the short position can then be closed by buying at market price.
Calls are the right to buy at $127 - the shares received can then be sold at market price.
Puts are the right to sell at $127 - the short position can then be closed by buying at market price.