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Do You Think We've Seen a Liquidity Squeeze?
In essence, what happens isthe your options are good, and if they get dlisted, if the stock gets delisted, you don't have an option on a stock that no longer trades. So therefore, to achieve the value of your option that you purchased, you should exercise it and sell the stock. Butymmy initial reaction is that what our listener here is duea mixing liquidity with fundamentals. It's a struggle, because he's observing the liquidity blow off of that move. But then he turns to fundamentals to to tell a story. I think that there's a bigger fundamental story in oil an russia's a shift does influence it,. There's a bigger story to play