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  1. R

    New to trading options. Need advice on Put option now in bankruptcy

    Thanks once again for all your help. Glad I didn't lose any money off of it.
  2. R

    New to trading options. Need advice on Put option now in bankruptcy

    I was. Lol Stupid question.. how did you know that?
  3. R

    New to trading options. Need advice on Put option now in bankruptcy

    I understand now. Thanks again . You've been great. Also Robbinhood won't let me buy shares because of OTC, and I'm having problems closing my option. Even at .94 . Any ideas on what I should do with it?
  4. R

    New to trading options. Need advice on Put option now in bankruptcy

    The Spike was temporary it was at 2.46 and then it went away. I'm still learning how everything works but thanks for all your help. Chart shot straight up for a second or two.. Then right back to .96
  5. R

    New to trading options. Need advice on Put option now in bankruptcy

    It just spiked to being worth $2.46 . Could I close it at that price?
  6. R

    New to trading options. Need advice on Put option now in bankruptcy

    What should I close the $1 put at?
  7. R

    New to trading options. Need advice on Put option now in bankruptcy

    Thanks for your input. Is there another platform I need to watch OTC market? Or a good website to watch the OTC charts on? Also, does robbinhood do OTC trading? Thanks again you guys have been awesome helping me understand everything
  8. R

    New to trading options. Need advice on Put option now in bankruptcy

    Thanks for the link! Does this mean that I will be able to sell my option for profit tomorrow? Just under a different symbol? Says it's on OTC, will Robinhood allow me to still close my option?
  9. R

    New to trading options. Need advice on Put option now in bankruptcy

    I'm starting to worry a little, I'm still confused lol. I contacted Robinhood and they told me there's nothing I can do to exercise or sell my option. They also said that they don't believe WFT will be traded anymore. I feel as though I'm owed something here, just don't know how to collect it...
  10. R

    New to trading options. Need advice on Put option now in bankruptcy

    Thank you for your advice.
  11. R

    New to trading options. Need advice on Put option now in bankruptcy

    I contacted Robinhood and they're telling me that I cannot exercise my option early because trading is halted? I need to get my profits off this option.. Any ideas on what to do?
  12. R

    New to trading options. Need advice on Put option now in bankruptcy

    So what exactly does that mean for me. What should I do in this position? I thought this put was going to be very profitable..
  13. R

    New to trading options. Need advice on Put option now in bankruptcy

    Can somebody please help me understand why my option went straight down to .01 when market opened? I thought I was in a good position? Please lend some advice. Looks like there's no activity on the stock at all. Not sure what to do here.
  14. R

    New to trading options. Need advice on Put option now in bankruptcy

    By take the money and run... Do u mean sell my option Monday? If so should I look to sell it immediately when market opens? Thanks for your help
  15. R

    New to trading options. Need advice on Put option now in bankruptcy

    Could you elaborate a bit more on what exactly that means.. How do I know or find out what to do with the option? Thanks for your help
  16. R

    New to trading options. Need advice on Put option now in bankruptcy

    I'm quickly figuring out I may be in a little over my head. Very overwhelmed and confused with everything. So if I bought the $1 put option expiring on May 17 for .62, is selling my option monday morning still my best strategy? Also is there something I should set-up, like an auto-sell when...
  17. R

    New to trading options. Need advice on Put option now in bankruptcy

    Well I'd be lying if I said it wasn't a tad lucky. I played what I thought was a "3bar play" earlier in the day and it was correct. Shot straight down . More luck I think than anything though. Do you know about how much I "should" make off this trade? Any amount is great considering I'm still...
  18. R

    New to trading options. Need advice on Put option now in bankruptcy

    Thanks for the quick reply. I use the Robinhood app. I've never exercised an option. Do you know the steps to do that through Robinhood? So I should obviously wait until market open to see what the current price is before selling right? Again, thanks for all your help and I understand I...
  19. R

    New to trading options. Need advice on Put option now in bankruptcy

    Thanks for your input, could you please walk me through my strategy in buying the shares and "exercising" the put? All this terminology is brand new to me. I guess dumb it down for me what I need to do Monday morning. Thanks for all your help. Also how can I calculate what my option will be...
  20. R

    New to trading options. Need advice on Put option now in bankruptcy

    Thanks for all the responses! I purchased the $1 put buy for .62 expiring 5/17. Thanks for the help guys
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