Much thanks for all of the advice. That's what I did. I called the OCC to clarify things, and they basically said I should hold on to the puts,...
If you guys are unsure, just call the options clearinghouse: 1-888-OPTIONS. Hey Desert, if you're long the put with strike price of $1, doesn't...
Stock is now down to 1.87 in AH.
Cool, thanks for that. I figured the OCC would clear the transaction, regardless.
^^ HUH??? Not traded? What the fuck?
Oops, my bad. I thought you were talking about Solar FUn.
They just posted crap earnings, and negative outlook for the rest of 2009. I wonder who is buying this POS?
By the way, for anyone in denial: GM Bankruptcy comes on Monday. Following bankruptcy, GM will be dropped from the DOW. Being dropped from...
Haha, that's awesome. I wonder how that will turn out? I mean, I wonder if you can buy a bunch of GM for pennies, then ask GM to issue you the...
Going short or long GM is/was risky. Buying options is a way to limit your risk. I stuck with my thesis that GM is bankrupt more than 2 months...
Bought these for .31 cents a few months ago. The puts are now valued up to 76%. I have never seen a pre-packaged bankruptcy, or any other...
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