On: Ask HN: How is the SVB situation affecting your st...

[rr808]

Ring your broker. You can probably still execute the puts and you'll be short.

[blitzar → rr808]

Then you have to borrow the stock and you are short a stock that you cant buy back because trading is halted - it could reopen at 2x the current price.

Better to wait for the trading halt to be lifted, naked puts are the best way to express a short position here.

[rr808 → blitzar]

I'm guessing the puts expire today, maybe this afternoon we'll know more.

[NickC25 → rr808]

my puts expire next week, on the 17th

[rr808 → NickC25]

You should be good then. You should be able to buy the stock for pennies on the OTC market. Congrats!