ST Alpha - "$500,000,000/330 puts each share's value at around $1.5 million." (Reading a Post)

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In response to "330 tickets in hand!! The little old man in the liquor store remembered me from a couple of years back :) -- nm" by Meg

$500,000,000/330 puts each share's value at around $1.5 million.

Posted by TWuG Feb 11 '15, 11:20

Closer to $1 million for the lump sum amount of $337.8 million.

Responses:

Total pool is 340 shares, including 10 that were bought elsewhere and assigned. -- nm - Meg Feb 11, 11:35 7
- So a little *less* than $1 million per share at the current lump sum payout. -- nm - TWuG Feb 11, 11:36 6
  - lumpsum after taxes will be around 600K per share (depending on where you live) -- nm - decline Feb 11, 11:50 5
    - Dammit, not enough money to retire on comfortably. -- nm - Will Hunting Feb 11, 12:01
    - I thought the cash option was after 25% fed tax and you're left with paying your state tax on that number? -- nm - Max Feb 11, 11:53 3
      - I estimated 40% tax overall - it'll vary by state and local taxes and such -- nm - decline Feb 11, 11:55 2
        
        lump sum is pre-tax - for the annuity you only pay taxes on each payment each year -- nm - decline Feb 11, 11:56 1
        
        That's as annoying as cable companies not revealing taxes and fees. If it's a "cash" option, advertise the number after fed taxes are taken. -- nm - Max Feb 11, 11:58
And 1 share equates to 1 $2 ticket, yes? -- nm - Mop Feb 11, 11:24 1
- Yes. Max was $20 for 10 shares. -- nm - TWuG Feb 11, 11:25
Did anyone not make the cut? - Ultron Feb 11, 11:22 7
- you are so cool!!! -- nm - JenBro Feb 11, 11:32
- sold! - Andie Feb 11, 11:22 5
  - if you are serious, i will paypal you right now. -- nm - Andie Feb 11, 11:23 4
    - Do it! - Ultron Feb 11, 11:27 3
      - Done! :) -- nm - Andie Feb 11, 11:34 2
        
        Sweet! I only chipped in $10 for 5 shares. But even 4 shares is plenty! -- nm - Ultron Feb 11, 11:37 1
        
        4 shares *plus* a very nice thank you gift from me. -- nm - Andie Feb 11, 11:47

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$500,000,000/330 puts each share's value at around $1.5 million.

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