A Strangle or Straddle would have been a safer way to play this. There's still no free lunch however. :)
--- In ConservativeOptionS
>
> Oh, I got 'protection' all right.
> After reading all the comments, I decided not to buy. ;-)
> Thanks to all who responded.
> That's what makes this a good group.
>
> -----Original Message-----
> From: ConservativeOptionS
> Sent: Wednesday, May 05, 2010 5:23 AM
> To: ConservativeOptionS
> Subject: [ConservativeOption
>
>
>
> john,,,,guess when i said bad news could drive itmn to 9 even 5 may be correct. hope you bought some protection.
>
> "But Tuesday's setback sent the shares crashing back to $9.45 in after hours trading from their Nasdaq close at $45.44."
>
> drjoe
>
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