I bought 50 March puts in anticipation of a drop next Monday? Situation is damn if I do and damn if I don't. I could lose it all if the stock rises but may help a bit if the stock drops below $2. Anyone got a foolproof strategy?
Stock has been poison, we may be near bottom but details of the Shell deal will set direction IMO. Personally I'm looking to buy some of the debt, I don't see BK and just bouncing along the bottom might be enough to give the bonds a pop.