Friday, November 04, 2016 11:34:09 AM
Since the company is in bankruptcy, the only trading allowed are transactions to close positions; i.e No writing new call or put contracts so unless you had options prior to the filing you can't buy any options.
The trading that is going on is just people selling contracts they already own to people that have contracts that are open, or people exercising contracts they own.
You should notice or see that the total number of open positions will be dropping each day as contracts are closed out or exercised.
Louis J. Desy Jr.
What Happens To Options During Bankruptcy?
http://www.optiontradingpedia.com/what_happens_to_options_during_bankruptcy.htm
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