Puts on a company that goes down the tubes?

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#1 Wed, Jun 29, 2011 - 6:45pm
leadbrasssilver
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Puts on a company that goes down the tubes?

Just out of curiosity, what happens if you hold puts on a company that implodes? bear sterns, lehman, enron etc.

Edited by: leadbrasssilver on Nov 8, 2014 - 5:16am
Long Bankers, Short Rope. I love it when a plan comes together.