HSX Forum

Playing & Trading Strategy

Underdogs $5 put cashout

Posted by: bbb101 on Jun 20, 10:54

Why would the Underdogs $5 put cash out at zero? If the OW is being cashed out at $0 the put should cash out at $5.

Underdogs $5 put cashout bbb101 Jun 20, 10:54

The movie is not being released, therefore all related securities delist at 0. {nm} JDolphin Jun 20, 11:42

Please read the HSX FAQS located at the bottom of the page (last entry) {nm} RazorHawk Jun 20, 11:50

I acknowledge the bylaw, but the logic of it is questionable... <nm> bbb101 Jun 20, 19:38

You are making it harder than it has to be.... RazorHawk Jun 20, 20:12

You are such a brilliant trader RH. I just wish you were nicer to people. You could really make a difference beyond what you've already... Willroast Jun 20, 20:19

just for a better understanding, what is not nice about his post? also, is saying he has a social disorder nice? {nm} islander Jun 21, 06:00

No that was not nice on my part. Jerky, in fact. I'm sorry. My post was meant to be under the previous post which I misread. {nm} Willroast Jun 21, 13:08

My issue it this: bbb101 Jun 21, 10:32

In this case their is clearly a written rule to cover this situation. So the lesson learned is read all the rules or ask next time. {nm} JDolphin Jun 21, 11:26

Agreed! It's paltry H$, I just hold the rule wasn't well thought out, that's all (nm) bbb101 Jun 21, 11:41

That's been true for a lot of things in HSX over the years, youve just got to live with it and move on to the next conundrum {nm} JDolphin Jun 21, 12:02

You're confusing [movie BO _effect_ on PUT price] with [HSX PUT security price]. They are NOT the same. (nm) Patient Player Jun 22, 11:22

Correction: You're confusing an HSX rule about released movies with an HSX rule about non-released movies. (nm) Patient Player Jun 22, 11:30





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