Looks like all put options think that Sears price will be $50 at April.
$50 is the cash that Kmart will give to S shareholder at 45% of them, other 55% is the half new company share.
I don't know how option is priced in this case.
$50 is the cash that Kmart will give to S shareholder at 45% of them, other 55% is the half new company share.
I don't know how option is priced in this case.