I think GPRO is a failing business that will be irrelevant in a few years. There are 1/17/2020 puts @ $3 for $0.20. That's the longest term & lowest price I can find. My fear is that when the company is on the verge of bankruptcy, it will be bought out by someone like Sony (Just an example, could be any electronics maker).
If GPRO is on the verge of bankruptcy, it is unlikely that they would be bought at a premium, right?
What are you opinions on a trade like this?
Submitted September 05, 2018 at 10:53AM by StockMarketIsACasino https://ift.tt/2wOqmvw
