Just curious and I'm not reflecting this post to RMBS at all, but more to these authorized repurchase programs...
If a company gets "shareholder" approval to repurchase shares of it's outstanding stock in an open market is there anything holding the company back from actually "selling naked puts" first and then only purchase the stock if it get's put to them...
They could generate income from the "put sales" and in the end it's a win win situation...
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