Task 1, they would pick the 85 because you get paid a lot more for the puts. The calls cost 20 cents but the puts are $10.90. On 100K shares they got paid $1,090,000 and had to pay $20,000 for the calls netting them $1,070,000. Of course on March 17, to enact it they owe $8,500,000. So it costs them $7,430,000 or $74.30 per share and they have 100K shares. Since it is now over 1M synthetic shares, I hope that it is a new entity starting a new position.
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