Does anyone know if there are specific restrictions around buying options (call/puts) as an employee, post IPO, pre lockup expiration?
My thought is if you aren’t selling or hedging shares you own in any way, this shouldn’t be an issue (assuming you have no confidential information). When you’re buying a call/put it’s another party’s obligation to deliver and doesn’t represent pre-IPO ownership in the company.
| +113 | Bathroom War Crimes | 26 | 1d |
| +81 | We all should've gotten in tech | 38 | 14h |
| +32 | Stealth-Listening Devices | 8 | 4d |
| +15 | LinkedIn Shitposts | 7 | 11h |
| +13 | JPMorgan Exec Canned After Stealing Knicks Trash Can on Camera - How Bad Is This for Exit Opps? | 6 | 2d |
| +13 | Totally random question | 6 | 4d |
| +12 | Handling frustration | 1 | 6h |
| +11 | Pickleball Manhattan | 4 | 4d |
| +9 | Ordering Valium Online: Key Considerations | 0 | 6d |
| +7 | Pres Made 1B Off Pump and Dumps | 3 | 9h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
This is matter of discussion between you and the SEC, Bill
If I recall correctly .. options whose underlying is a security are considered securities. I believe that all securities (also included debt) are locked up by insiders prior to expiration.
Other thing to consider here .. is the stick of dynamite in your hands when your HR/MD/Compliance find out you're purchasing puts on the company your work for.
When in doubt, call compliance.
Seriously, this isn't a situation where "I'm sorry" will solve things. If it's a 'no,' then the best scenario is that you have to give up your gains, the worst is you get fired and barred from the industry. If it's a 'yes' then you know you're in the clear. I'm not a very active trader, but I prefer to tell compliance that it might make sense for me to get extra monitoring if I might have MNPI. The more times you play it safe in a grey area, the more likely they are to be forgiving of a fuck-up.
It also provides your company more ground to protect themselves as well as you in the case of a surprise audit.
Quis ut aut quaerat vitae quae mollitia accusamus. Non dolorem qui consequatur. Dolor maiores dolor doloremque fugiat aut est. Molestias sunt excepturi provident nam.
Recusandae voluptatem alias repellendus aliquam illum dicta molestiae. Voluptas quasi velit eum illum.
Eius vero similique omnis facilis. Magnam consequatur alias sed quo. Nihil voluptatem ad quod.
Sint saepe aut cum veritatis natus occaecati. Quia dolor nam molestiae eos provident. Occaecati reprehenderit earum eum sapiente ipsa dolor. Aut quisquam eveniet accusantium maxime nihil recusandae. Necessitatibus amet quis consequatur non odit aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...