Seems like they opted for purchasing long call options and short put options; effectively, locking in their losses. Will be interesting to see how this ends.

Seems like they opted for purchasing long call options and short put options; effectively, locking in their losses. Will be interesting to see how this ends. Either the price drops back down to a reasonable price, they can exit their position, or they will continue to delay closing their position. Either way, it will be awhile because this plays out.