two years ago, when ocz was flying high at 10.96, i could've sold put options to insure my profits. How does this work? i've done covered calls but no expereienc with puts. looking back, i want to insure profits from now on. if i was able to do double my money with ocz, i think i can do it again with the lessons learned.
Usually you sell puts at the strike price you want to get in.
If your strike price hit you get in and stock goes up and you're happy as you got into it at level you wanted minus the credit you got for the sold puts. Or the strike never hit and you keep the money.
Kind of like covered calls in time reversed.
i don't think you have too much to gain at these levels, though.
buying those you don't hope for BK what you looking for is this to be delisted. it be halted then move to the pinks! you prob make about 150% on them as the opening price on the pinks be around $0.20, when this happens it would be wise to just take the profit as shorts will cover soon there after and price will go up then stay flat till the BK happens which might be longer then your option.