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personally i think the puts are kinda pricey. I'd rather sell my cost basis and hold the remainder thru the decision... The May 12.5s are $3.30. Thats over $24K to insure your 8,000 sharesThe may 10 is $1.65 which is almost half the cost, but the price has to drop under 8.35 before you have a penny to penny increase in value...To me the $5 is worthless because it probably won't go that low and I feel similar about the cost benefit of the $7.50Anyhow, I'm not buying puts. I bought all my shares around $6.50 and have calls worth 5-7 times what I paid for them. I'll sell out my cost basis next week and let the rest ride.