3SOF

News out today: http://biz.yahoo.com/cnbc/071213/22245755.html?.v=1
I'm still worried about the short squeeze, but I bought Feb 7.50 puts for $1.50. I think this stock will go back to it's sub 6 level within a month time frame imo.

I'm still kicking myself for not moving on this jump.  I checked the 7.50 Dec puts when this thing spiked immediately after that news...less than 0.30/contract.  The first thing that came to mind was "these things are a goldmine."  Now almost 1.20.  Oh well.  DNDN can be dangerous for shorts due to that large short interest.  If you DO dabble in the options, you have to watch it VERY carefully.