If one were holding deep OTM puts right now, would you execute by Friday knowing this could go for months (borrowing costs) or that CCME could prove claims and open at $10 or above in May leaving a very expensive cover?
Seems as though if CCME is quiet through the end of the week or releases the minimum required info, it would become a tougher call for put holders. Monday it seemed like an easy choice.
I myself would not exercise a $5 put right now, based only on the resignations.
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