### Comment:
That's a really, really wide strangle. Historically it seems like they haven't gone below $4. I wouldn't drop a lot on this play, but it might hit a home run.

### REPLY:
How often are companies stupid enough to not post earnings and get delisted? As per some law if they don't report by Nov 1st they get booted. 
  
 I suppose if their internal investigation discovers fraud the CEOs might just let the ship sink instead of posting and getting federally investigated.

### END.