what happens if you're long puts when a stock goes to zero?

I can see making money quickly... but I don't get how you lose quickly on the put you own when the underlying goes to zero. (??)

 

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1st] I hope he makes a lot on his puts/capitalism need$ all the help it can get.
OK, lets assume nobody buys the company, which may or may not be true.
TASER looked like it was going to zero, from $5.00 to zero; but it stalled @$1 or $2, then trended in a tight range for before doing a rocket ship to $77area+/
He asked his question, AUG 23\ weeks between monthly 3rd fridays........................................................

 

But you still wouldn't lose a lot of money on the puts you own... just be out the premium you paid.

 

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True;
but more than a French fri tax/french fry tax .LOL

 

The "french fry, dad tax" is a perfect analogy. Certain ones of those above you (especially government) can take anything of yours whenever they want and you're pretty much powerless to do anything about it". Dad might smile and call it "sharing", but the kid should frown knowing it's "theft".

 

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I see your points;
but good thing in the USa, we have all ,kinds of limits on gov\impeachment, elections, prison, recalls, 3 branches ,courts. Maybe dad considered it rent.
My dad was a banker+ i never borrowed money from him\ the borrower is slave to the lender.Nor did i get a mortgage @ his bank;dad was a good hunt buddy+ good shot.