Pacific Gas and Electric (ticker: PCG), the largest utility company in the state of California, filed for bankruptcy on January 29th, 2019 due to the anticipation of nearly $30 billion in potential liability claims for deadly wildfires that may have been caused by its electricity power generating facilities. Assume PCG stock is currently trading at $12.23.

Suppose I think that the stock price of PCG will fall to zero over the next year due to the wildfire damages claims.

What kind of at-the-money option on PCG should I purchase today in order to profit from this view?

Group of answer choices

A. Buy a call option on PCG

B. Buy a put option on PCG