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Yea, the category of derivatives is actually quite broad. Options, futures, forwards, etc. are all derivatives - in that they derive their value indirectly from the underlying assets, but they're traded so broadly that the specific names make more since.

I believe these are derivative because they aren't buying the stock directly, but purchasing rights to them.

This is done to Fortune 500 CEOs option/stock pools to sell off their rights to purchase others' rights to their stock for the sake of diversification without selling publicly and causing a scare - to the board or investors.




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