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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%3:59 PM EST

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To: johnd who wrote (42967)4/22/2000 8:39:00 PM
From: rudedog  Read Replies (1) of 74651
 
johnd - re: MSFT's put warrants are from 78 to 69. There are 161 million contracts of them. This translates to 16.1 Billion shares worth.
I am completely confused by this post. The Put warrants MSFT sells are a 1:1 instrument, not a 100 share contract like a standard options contract. So if MSFT has 161 million contracts, they are liable for 161 million shares, not 16 billion. Presumably MSFT could manage to buy that many shares, or, more likely, buy back the warrants.
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