ymbc - u asked me about arna below
ya I like in mid 6s , that said I have been and continue to play arna mostly with selling puts as I have done well with this strategy as the premiums are very rich...... sold some march 22 $7 puts last week for $0.85 when stock was near 7 ( that is 12% return in under 1 mth or 144% annualized - crazy sheet !!) so i get shares at 6.15 break even ( fine by me ) and only lose extra profit if this is over $7.85 which I doubt it does before march 22.
Honestly none of us know what's going to happen.
QCOR certainly deserves to be 100+, but the uncertainty over whether it can ever get there is immense.
I've always had a 2 to 1 call to put ratio when I play options, because I believe in QCOR, but right now I'm going to even it up and play some straddles because I simply don't know what the near future will hold (all I know at the moment is that I'm #$%$ I sold my puts on Wednesday).
I could see us going down to 50, but I could also see us skyrocketing if QCOR management pulls something out of their hat to combat this fearmongering.