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What happens to my long put that i buy for Dec 2020 if the company files for chapter 11 in Nov 2020 or before option expiration.

Would I be able to sell those long puts to get maximum reward for those put options automatically or those options will cease to exist or trade to cash

Same question for short call (covered calls)

Will these options will be worth less and fall under chapter 11 umbrella.

Thanks

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