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- NicolasQuant
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GM
Today GM Sep-09 futures got bid at 2 cents!!!I think we are close to the end with the Obama administration deadline and the 1bn$ converts redemption on June 1st. In your opinion is it still possible to achieve an exchange for them? Wouldn't a par redemption (with govt money) be politically possible?BTW, i was short July GM calls yesterday and I got exercised (strike 1$). What good reason would someone have to exercise now? And also I didn't find how the exchange "attributes" exercises to an account or another...
Last edited by NicolasQuant on May 25th, 2009, 10:00 pm, edited 1 time in total.
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- NicolasQuant
- Posts: 0
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GM
QuoteOriginally posted by: acastaldoQuoteI didn't find how the exchange "attributes" [sic] exercises to an account or anotherIf you Google "option assignment" you will find some info.I put quotation marks around "attributes" because I realized I may have not used it in its most commonly accepted sense so your [sic] is superfluous