Is it wise to buy Puts of bankrupt NSTG ? :-)

Discussion in 'Options' started by Quanto, Feb 11, 2024.

  1. Quanto

    Quanto

    Is it wise to buy in the upcoming days some Puts of NSTG ?
    (The company just a week ago filed for bankrupty protection, and there is the possibility of a sale of the company) :)
    What's your expert opinion?

    NSTG.png

    NSTG_options.png
     
    Last edited: Feb 11, 2024
    murray t turtle likes this.
  2. Quanto

    Quanto

    Of course hands-off!
    It just was a trickQ :)
     
  3. maxinger

    maxinger

    murray t turtle and jys78 like this.
  4. Quanto

    Quanto

    Yeah, when at that time the stock was peaking at around 80 :)
     
    Last edited: Feb 11, 2024
    murray t turtle likes this.
  5. %%
    QUITE a bid\ask spread on puts >LOLcalls
    Cash markets = much more liquid \ even in pennies .
    A fair question/ why so much volume in cash markets ; + so little in options LOL.
    No PE may not be a deal killer \LOL ;AMZN had no PE for a long while LOL
    Good question;
    some may want to factor insider buys $25 down to $5 area:D:D oops