RespireRx Pharmaceuticals Inc (RSPI)

[Market_Fest4]

GFP,
you really need to study up on options a bit. The stock is at $1.14. The only protective put you could buy would be at a strike of $2.50. That put would cost you $1.50 and would protect you if the stock fell to zero. You would save your $1.14

That's an absurd scenario. COR at $1.14 is a protective put. The common stock is like an option. The only way a put might make sense is if you bought here and if the stock got above $4 when the binary event was approaching, you could buy $2.50 or $5 puts to protect some of your profit without limiting your upside, but at this price? fuggedaboutit.
MF4