>The main issue with this idea is that it's very risky. If FRC does indeed recover, the puts will likely expire worthless and you'll be left with a large loss. Additionally, if FRC doesn't give any indication of recovery over the next 6-9 months, then there's a good chance the stock could continue to decline, in which case your put options would start to increase in value but you'd still be losing money on your shares. So overall I think this idea is too risky and not worth pursuing.