SPWR was delisted from nasdaq, now it is called SPWRQ. It is currently worth 13 cents a share.
Since before the bankruptcy, I have one put sold at strike 4, and one put bought at strike 2, with 515 days to expiration.
When I try to close the trade (take the loss), they do not take my close. Both options are valued at zero.
It occurs to me to buy the stock (at 13 cents), execute the strike 2 put, and wait in case one day they execute the strike 4 put. Sounds logical… but maybe I'm missing something.
Posted by mrfabgonber
1 Comment
i would leave it alone. the position is at a full loss, let it die. even the broker might not be able to help.