Shasta Issuing Put Options to Assure Profitability of Shares

The Social Security Investment Company plans to issue put options for stocks of the Tehran Stock Exchange to help reassure investors that shares are worth buying. 
Known by its Persian acronym Shasta, SSIC the largest holding multidisciplinary company and has a market capitalization of 1,380 trillion rials ($6 billion). It is among the top four large- cap companies listed with the TSE. 
According to notice posted on the TSE website, issuing options contracts will start today (Saturday). Put options will mature in June 2022 and the strike price will be 11,688 rials -- 1,986 rials higher than the current price of the Shasta ticker at TSE’s bulletin board.