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Sorry for my lack of knowledge here but what do you mean by OCC will issue a bulletin? Do I need to sell my Put or just let it expire? The stock has dropped 79% after-hours. Thanks again

Thanks for your response. What are things I need to look for during the next few market days with this stock? Since it has plunged downward after-hours, would it be better for me to sell it Monday or let it run its course through expiration? As I said earlier I'm still learning so I apologize...

Hi, I hope I'm posting this in the right section. I have recently dove into options trading and have had decent luck so far just placing small trades trying to learn how everything works. So today, I bought a Put Option on WFT and now after-hours they have filed for bankruptcy. I have done...