market fully priced in an earnings and guidance miss along with no capital allocation announcement on the 23rd with her 10% drop last week. so she wont go any lower after earnings and since the options market is in the handicapping business look for management to surprise with her capital allocation plan.
No the market didn't "fully price" that in. There is so much uncertainty right now about growth and capital allocation plans, that even a confirmation of fears or expectations could drive the price a lot in either direction. I doubt that any certain outcome is priced in. The only thing priced in is uncertainty and worry.