Options traders betting things could get even worse for two troubled stocks

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DISH Network (DISH) fell more than 30% following earnings, and is now down more than 90% in just over two years.

Options volumes and prices have skyrocketed since, but they're not betting the stock will do the same. The issue? It's cash flow. Subscriber declines of 64,000 in pay TV and 225,000 in their wireless business startled investors. The question investors are asking themselves now is not whether the company will succeed or stabilize, but whether it will survive. The company carries roughly $24 billion in net debt .

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