05-14-2013, 03:43 AM
That JFT, but there's more I think which is worth noting:
1. I believe Phil's Performance options were originally set with a later date of expiry. I think this is part of a requirement for someone who resigns or retires; they must exercise any options within a certain time or lose them. The fact that Phil exercised his right away is bullish, and says that he indeed officially retired. He wasn't fired. We can debate all of that until the cows come home, but officially this confirms a retirement IMHO.
2. The other batches that Phil, Byker and Collin exercised were exercised early as the all had June 22nd/23rd expirations. I also think they must not have knowledge of undisclosed material information when they make these trades. Why the rush if the don't expire until 3rd week of June? Seems bullish to me that they must have expected something material to be coming and wanted to get in under the wire.
All IMHO, but I take this as VERY bullish.
1. I believe Phil's Performance options were originally set with a later date of expiry. I think this is part of a requirement for someone who resigns or retires; they must exercise any options within a certain time or lose them. The fact that Phil exercised his right away is bullish, and says that he indeed officially retired. He wasn't fired. We can debate all of that until the cows come home, but officially this confirms a retirement IMHO.
2. The other batches that Phil, Byker and Collin exercised were exercised early as the all had June 22nd/23rd expirations. I also think they must not have knowledge of undisclosed material information when they make these trades. Why the rush if the don't expire until 3rd week of June? Seems bullish to me that they must have expected something material to be coming and wanted to get in under the wire.
All IMHO, but I take this as VERY bullish.