### Comment:
I meant buy a put at a lower strike to become bull put spread. Spreads are a better way to buy/sell options. Less risk, less reward, but higher probability of profit. 
  
 Since its only $2 you might be ok. If it does go below $2 and you get assigned because your $2 put is now ITM i.e the put buyer 'puts' the stocks to you and then you go long the stock. It's only $2 though so worst case, it goes to $0 or gets delisted.

### REPLY:
Yeah since it trades in 5 cent increments I didn't think it was worth buying the $1 strike, as I would have had to pay a large premium.

### END.