The stock price is $101.12 per share. Imagine if you wanted to short it. To keep it simple, we'll say you want to short 100 shares and we'll ignore the small commissions you would otherwise owe. You borrow the stock, sell the shares, and pocket $10,112. At the same time, you decide to buy 1 call option covering 100 shares with a $200 strike price dated September 16th, 2016.
Princeton's WordNet(0.00 / 0 votes)Rate this definition: 1  benefaction(noun) a contribution of money or assistance. 2  benevolence, benefaction(noun) an act intending or showing kindness and good will.
For all these of course are exceptions, and the rule and hodiernal life of a good man is benefaction. View in context Or a benefactor's veto might impose such a negation on a man's life that the consequent blank might be more cruel than the benefaction was generous. View in context He was president of the Stanford University, a private benefaction of the times.