In many public companies, employees (even rank and file) are prohibitted from shorting or buying puts on their shares.
Some companies even prohibit selling covered calls, regardless of strike price. (A deep enough in the money call behaves somewhat like a put.)
I'm a little surprised that Cuban would be locked out of selling the shares but able to enter into the collar. I'm sure it was legit (since it's well known), but still...
Some companies even prohibit selling covered calls, regardless of strike price. (A deep enough in the money call behaves somewhat like a put.)
I'm a little surprised that Cuban would be locked out of selling the shares but able to enter into the collar. I'm sure it was legit (since it's well known), but still...