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Not only did Newt flip-flop on his position, he outright lied when he said that he has fought the notion of mandates at his Center for Health Transformation.
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"Currently, I think the strategic position is more sensible rather than an outright takeover, " said one analyst quoted by the Agence France Presse news agency.
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The calls may have been written against a long position in the stock, or may have been sold outright.
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Such a practice would avoid the situation in which the Senate found itself on the CTBT, namely a take-it-or-leave-it position, either rubber-stamp or reject the accord outright.
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The investor behind the transaction may be implementing the spread to hedge a long position in ADS shares, or may be establishing an outright bearish stance on the stock.
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The investor responsible for the transaction may be taking an outright bearish stance on the stock, or may be using the position to hedge long stock in DNKN through earnings.
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Even if his PML-N does not have an outright majority, its projected margin of victory suggests it will be in a much stronger position than the PPP was at the head of the outgoing coalition.
BBC: Pakistan vote: Nawaz Sharif in talks on new government
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The put player may be establishing the spread to hedge a long position in the underlying and protect recent share price gains, or could be outright bearish on the European bank in the expectation that the rally is not here to stay.
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The investor may be employing the three-way spread to take finance an outright bearish view on the stock, or could be using the trade to hedge a long position in the underlying shares.
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You had better believe that job applicants who are serious about landing a position in an industry known for puzzles have started reading books on how to solve puzzles, if not outright memorizing the more common mindbenders.
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