I have just elected (deadline 6th) to take CBA shares as consideration for Count takeover. CBA share price is set at $47.18.
Shares wonít be allotted until 13 December. I am thinking of taking some insurance to cover this period in the form of a put option.
Do any regular option traders have any thoughts on which option series to use?
Iím thinking nearest month and a price somewhere between $47.50 and $50.00.
I donít have a CFD account so hedging by that method isnít really feasible.