Mr Cooper Group Inc (COOP)

[Split T]

redisnieurt, Great post! The Question is, what event will take place before Sept 23rd?

Presently the only active COOP options are the $40.00 puts and calls which expire on Sept 17, 2021. I find it quite odd there are no $45, $50 or 55 Options.

I'm not an Option trader, but IMO this seems quite suspect. It's as if an event might happen around the $40 range.


The 10b5-1 Plan was designed to comply with the Company’s insider trading policies and the guidelines specified in Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended, which permit an officer or director to enter into a pre-arranged plan for buying or selling Company stock at a time when the officer or director is not in possession of material, nonpublic information about the Company. All sales of Common Stock under the 10b5-1 Plan will be disclosed publicly in accordance with applicable securities laws, rules, and regulations through appropriate filings with the U.S. Securities and Exchange Commission.



"DOES IT MEAN:
a) the officer can enter into the PLAN at a time when he does not have nonpublic info

or

b) the PLAN requires that he may only buy or sell when he does not possess nonpublic info.

I know what you WANT the interpretation to be. But read it again. and again. and again if necessary.

It's not saying that Jay Bray currently has nonpublic info that he suddenly WONT have on Sept 23rd. It's saying that his plan to sell his shares can only be enacted when he doesn't possess NPI."