Oil prices have tanked, NM filing first of several bankruptcies and 2nd wave of layoffs about to get underway. Guess all points towards another straight week of gains at the stock market!

likefunny
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I bough bunch of oil puts last week

likesmart

Sounds like you’ll be making some money lol

what does filing a bankruptcy actually imply and how does it actually mpact everday operation of the business until the negotiation or settlement is done?

depends whether it’s chapter 11 or chapter 7. chapter 11 the stock will get delisted. shares can be traded OTC.

chapter 7 you are fucked. total liquidation - the sale of assets to pay debts. and shareholders are last to get paid.

Just purchase oil.

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