Icahn reportedly sold a zillion YHOO puts, european style. How can this be done at IB? I've seen hints that this is possible, but haven't found out how.
Icahn reportedly sold a zillion YHOO puts, european style. How can this be done at IB? I've seen hints that this is possible, but haven't found out how.
He called up an investment bank (i.e., such as Goldman Sachs or Morgan Stanley) and did the trade with them. It was done OTC and is not cleared by the Options Clearing Corporation.
