TD defeats lawsuit over option gone awry
2016-04-27 10:25 ET - Street Wire
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he executed a put option for a Nasdaq listing called GT Advanced Technologies Inc. The option would have been profitable had the stock gone up. Unfortunately for Mr. Turkson, the company declared bankruptcy four months later, and the stock was soon worthless.
The only way this make sense is if he wrote/ sold an uncovered put.
Was it a 6 month option???
Confusing how the story was written as to facts!
Posted by mike santilli at 2016-04-27 10:58
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