ECYT

    Posted by hazbin1 on 3rd of Dec 2015 at 02:42 pm

    I know, i'm a broken record on this play, (thanks BPT for pointing it out last year) but it keeps working so I keep 'putting' it on (at lower strike prices of course). stock @ $4.42, Jan 4 puts @ $0.20. company has $4.09 in cash @ 9/30/15. Company burns $8 million per quarter. @ 12/31/15 they should have $3.95 in cash. Thus, should you get assigned on selling the Jan 4 puts, in theory you will own shares below cash value. Money Mouth

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