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Even as Sprint PCS's shares were soaring through 1999 and 2000, he was arranging hedge investments to help insure the value of his shares.
Merrill hasnt fully written down the credit-default swaps that insure the value of some $30 billion in CDOs.
We note that the size of the transaction suggests the investor responsible for the trade is likely utilizing the spread to insure the value of a long underlying stock position through expiration in three months.
An alternative explanation for put buying behavior is that traders are long the stock and merely picking up cheap, long-term downside protection to insure the value of underlying positions in case of an all-out share price collapse by next January.
The investor is hoping to see a near-term resurgence in DHI's share price but has shelled out extra premium for the puts in order to insure the value of the underlying position should shares erode ahead of expiration in May.
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Some will go to those who insured the value of securities, like Ambac Financial, which surprised Wall Street by posting its first quarterly loss this week.
The lockout resulted in the suspension of an agreement between the NBA and FIBA by which the NBA would take on most of the costs for insuring the value of its players' contracts in the event they were injured during international competition.
Some states require that the proposed executor post a surety bond insuring the value of the estate.
Of course, you can't insure the sentimental value".
For those who are still unsure if they should list their bikes, for fear of theft or damage, the startup has also introduced the Spinlister Guarantee, which will insure the fair-value price of a bike for up to $5,000.
Third, the Treasury must stop blocking the proposal for insuring the nominal value of residential mortgage-backed securities.
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