Lots of these folks stock options are underwater ...it is only a matter of time before they sell and slash everything to raise the stock price.
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No, he does not know wtf he is talking about.
You can sell options under water if you are crazy, or believe they are so bad that you are willing to pony up your own cash to pay off the loses because you think they are going to worst in the future. Essentially you exercise the options at the strike price and then pay the difference in capital loss in order to own those shares fully.
Options are worthless (and cannotbe exercised) if under water. Do you know wtf you are talking about?
the stock price will not increase as a result of selling businesses or firing thousands of employees. GE is now so far behind and unable to control Wall Street that it will take years before there is any ability to believe what is issued by the company. Don't forget quite a bit of a stock's position is based on perception and other factors not related to performance. GE now has deal with poor perception and bad performance.
That is the point ...the current price needs to be driven up to exercise the options granted to him and the board. To be confused with a open purchase by JF as recall he did some serious buying north of $17.40 .
you don't sell options if they are under water