Chesapeake Energy Corp (CHK)

[LouisDesyjr]

Zero Hedge article

If you look, a bond that is due to mature in about 5 weeks is only trading at 80. It is clear that no one expects the bonds to be paid off at maturity in full or else the bonds would trade near par.

It would be a good investment, if one could be sure that the bonds would pay off on March 15, 2016; but it looks like that is not going to happen.

If I thought the bonds were going to pay off, I would have bought the bonds instead of put options.

Louis J. Desy Jr.


Disclosure: I own CHK March 18, 2016 $1.00 put options.