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Comment: Re:Can he sell covered puts... (Score 3, Insightful) 170

by Ancil (#37227318) Attached to: Apple Puts $383 Million Handcuffs On CEO Tim Cook
No, because you can't cover a put option with stock you don't own. He won't own any of this stock for 5 years.

Recall that US-style puts can be excercised any time before they expire. He also can't cover a "European" put option, because there's no guarantee he'll keep working for Apple and own the stock 5 years from now.

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