puts=just wondering

  1. 5,237 Posts.
    my $11.50 puts have now collapsed to 4 cents..

    I still believe NCP is going down and do not believe that a company which loses $8b should be anything than be punished by the market

    I stayed out today due to disbelief when probably i should have added to my short position

    question should I buy puts at say $13 strike and dump the $11.50 puts or add more $11.50 puts at 4 cents hoping for say a bounce to 8 cents?

    opinions please?

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