[DaedalusII]

it is if you have specific event driven knowledge that the put options would gain from

but if you just buy deep out of the money put options every year, say 50% price drop, in a 10b5-1 structure, its ok. you will get sued a bit more than usual

not much different than buying life insurance, except if your company crashes like monday.com , some schmuck who sold you the puts will have to pay you a tonne of cash then you can do a dilutionary rights issue or just use the cash buy a boat in miami and start something else