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Re: Summer2762 post# 172736

Tuesday, 01/14/2014 9:54:15 PM

Tuesday, January 14, 2014 9:54:15 PM

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That would have been my guess. However, about 2/3 of exercised & held options are options that would not have expired for another 4yrs. See table 5 in the same paper.

Be careful! You’re addressing a different logical question—actually the inverse of the point I was making.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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