Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exhibit 5 The Nine Elephant Trades Trade Expiration Number Premium Date Date of Shares w per Share forward + put 1/25/08 1/21/11 11,207,051 $100,000,001 $8.92

image text in transcribed

image text in transcribed
Exhibit 5 The Nine "Elephant Trades" Trade Expiration Number Premium Date Date of Shares w per Share forward + put 1/25/08 1/21/11 11,207,051 $100,000,001 $8.92 forward + put 1/29/08 1/29/11 11,093,197 $100,000,002 $9.01 forward + put + short call 2/19/08 2/7/11 3,161,130 $73,768,695 $23.34 forward + put + short call 2/22/08 2/15/11 3,155,563 $65,964,436 $20.90 forward + put 2/27/08 2/ 15/11 1,180,845 $37,197,500 $31.50 forward + put 4/24/08 6/3/11 36,226,542 $150,969,365 $4.17 forward + put 4/25/08 6/3/11 1,734,362 $75,785,636 $43.70 forward + put 4/28/08 6/3/11 21,027,783 $151,436,385 $7.20 forward + put 4/28/08 6/3/11 166,346,152 $452,679,480 $2.72 Underl'ng stock Trade Structure 1. 2. 3. 4. 5. 6. 7. 8. 9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Options Futures and Other Derivatives

Authors: John C. Hull

10th edition

013447208X, 978-0134472089

More Books

Students also viewed these Finance questions