/biz/ - Business & Finance

Looking at FRC I was wondering what would happen to puts you purchased if the company was forced into the hands of FDIC.
Would you still be able to sell them or would the ticker just be permanently halted and you're completely fucked?
Please answer.

I'd really like someone's advice.
I don't want to look at this retarded fucking stock market anymore, I have a bull thesis on a stock that I like but it's going to take years for it to build back up. I was thinking that in the next market dip, I'd sell LEAPS of cash secured puts above the strike price of said stock, one year out.
The premium received would be the equivalent to what I'd normally make grinding the market in a year anyways.
Best case scenario: The stock goes above set strike
Great scenario: Stock crabs, I get assigned and I still make money.
Worst Case scenario: It craters really fucking hard and never recovers. (most unlikely in my opinion, company is debt free and has solid fundamentals)
Is this a retarded play?

>>52853671
Just got back from work. I always knew "u/OPINION-IS-UNPOPULAR" was a glownigger but reading these posts confuses me.
How do we know the user that doxxed himself as the citadel employee was the same WSB mod?
PLEASE ANSWER

>>50680294
>The stock split in this class is correct and there will be no cancellation or need for cancellation. The rumors circulating in the market that this capital measure is a stock dividend are false.
What the fuck?
>we have already checked with the depository on the publication date and most recently again today, as the classification of the corporate action was unclear. Especially because the company's announcement talks about both Split and Dividend Stock.
Answer from the depository:
>The event has been checked again with DTTC (Depository Trust and Clearing Corporation ) and is still listed here as a stock split
What the actual fuck?

>>50297872
>The Gamestop Marketplace has already had 7 million USD in transitions.
>they haven't even launched the games yet
Actually ducking bullish but...
HOW MUCH REVENUE DOES THAT MEAN FOR GAMESTOCK???