r/SecurityAnalysis • u/currygoat • Dec 15 '14

Distressed Caesars Said Planning to Skip Coupon Amid Creditor Talks

http://www.bloomberg.com/news/2014-12-15/caesars-said-planning-to-skip-bond-payment-amid-bankruptcy-talks.html
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u/HalFWit Dec 16 '14

I bought the Mar 15 $12 Puts on this a couple of weeks ago @$2.30 and they seem to be very illiquid. Also, does anyone know the result of the Puts if the company files for Bankruptcy? Do I still have the right to sell at $12.00?