SDRL-Take Profits

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For those that followed me in SDRL . Close final positions and take profits at gains of greater than 100%. Prepare to rentry at .20-.24 and hold for a long term gain.

You can also short with puts to (.50 puts)

This is a good trade to follow and for review read my prior to analysis for long term positions. This is better than crypto because it is oil , oil , oil with a top ten company in the sector.
What is your take on what will happen to sea drill's common stock after the merge from bankruptcy? After reading their reorganization plan, I am thinking common stock shareholders shares will be extinguished.

You are correct to a certain extent. My review is that A shareholder will transition to the new holdings but at 2% value for the new stock.