/biz/ - Business & Finance

Question, /smg/.
If you buy put options on a company declaring bankruptcy, do those put options still apply to the shares once it gets pinklisted? Like hypothetically, if you saw say, $3 puts trading at $1 an option with an execution date a few months out, say July, and then proceeded to buy 100 options for $100, does that mean you have the right to sell 10000 shares of the bankrupt company at $3 a share and pocket $30000? Like even after they're pinklisted and you can pick up those shares you intend to sell for literal pennies?

Okay, so the pajeet meme was funny for a while but now it's getting out of hand. All bad posts are assumed to be pajeet's and some people even are talking about rangebanning India. This is going a little too far, even if the pajeets are messing up /biz/ there's no need to be racist towards them.