PERCS
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Apr 2, 2018 by Andy Redleaf · across every show →
Everything said about PERCS, oldest first
Apr 2, 2018 neutral
Redleaf: Structured derivatives bypassed institutional restrictions on direct option writing
“There were lots of sort of institutions that could own a single security that was a covered call, but they couldn't own the stock and write a call. So it was an option product to be marketed to institutional investors, opposed to, you know, sort of the standar…”