Appreciate any reply to this scenario pending. This is generalized but applies to my situation. XYZ stock price was $4.50. Strong Sell recommendation. I buy a $3.00 Put. One contract. Stock price falls to $1.25. Low volume and zero bids for Puts at the $1.25 price point. Should I enter a stock purchase order for 100 shares at $1.25 and then exercise my Put option to sell at $3.00 - or - is there another possibility? Thanks again.