Earlier today paper was looking for some long deltas in VER when 21,000 VER Jan18?8.0 ?sold for $0.50 – crushing the bid
Earlier today paper was looking for some long deltas in VER when 21,000 VER Jan18?8.0 ?sold for $0.50 – crushing the bid.?Not content, paper then lifted the offer on 21,000 VER?jan18?9.0 calls for $0.20. Net, paper collected $.30 to establish a long 77 delta position; approximately equal to being long three quarters of one share of stock.??
VEREIT, Inc. is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada. Through its Cole Capital segment, the Company is responsible for raising capital for and managing the affairs of certain non-listed real estate investment trusts (the Cole REITs) on a day-to-day basis, identifying and making acquisitions and investments on the Cole REITs’ behalf. The Cole Capital segment sponsors and manages direct investment real estate programs, which primarily include over four publicly registered, non-traded REITs.