Hi Yolande ... sorry but no Puts either in Warrants or Options for SGW but ...
Let's say you had BOUGHT a hypothetical 10 Contracts (1000) SGW $2.00 Aug Put.
As the Underlying Price ($0.00) is below (for Puts ... Calls expire worthless) the Strike Price ($2.00) you would Exercise against the Writer/Issuer.
With derivatives ... a contract is a contract and if the Underlying karks it and the shares cannot be delivered the Writer/Issuer who would have to pay you. (e.g.10x1000x2=$20,000)
I think where the Underlying karks it the remaining (Bought) holders which are OTM simply lose the value of the Time Premium as they are deemed worthless along with all outstanding Calls ... others may be more definitive on this.
Cheers ... tight stops.
This is only my view ... read the red stuff.
Hi Yolande ... sorry but no Puts either in Warrants or Options...
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