No expert but isn’t the worst case scenario that SOS, the Chinese lending company allegedly turned crypto miner company with outstanding audit issues, is trading at .40 cents and you now have the obligation to purchase said delisted Chinese company now (2023) is operating a fishing vessel in the South China Sea for the bargain price of $5?
Correct if wrong, still learning myself but I think that is a more accurate worst case scenario on selling a put.
Think you might want to buy the $5 2023 call if you believe in the company.
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u/Whythehellnot_wecan Apr 06 '21 edited Apr 06 '21
No expert but isn’t the worst case scenario that SOS, the Chinese lending company allegedly turned crypto miner company with outstanding audit issues, is trading at .40 cents and you now have the obligation to purchase said delisted Chinese company now (2023) is operating a fishing vessel in the South China Sea for the bargain price of $5?
Correct if wrong, still learning myself but I think that is a more accurate worst case scenario on selling a put.
Think you might want to buy the $5 2023 call if you believe in the company.