The stock is now at $31.15. Will open higher tomorrow and go up to $31.50. At this price, you should buy the March 07 puts @ 30 and should be able to grab them for $1.10. Then, you wait until the stock's getting back to $29.85 Friday morning to sell those at $2.75 for a nice 150% return.
Look at the open interest. It WILL end the week at $30, it's a no-brainer!
They will be worth around $2.75 tomorrow MORNING, if the stock price is at around $29.85 IN THE MORNING. Of course, it will end up at $30 at 4pm and the puts price will be $2.50 if you wanna wait until the end of the day...
The $32.5 puts are now at around $0.65 not a nickel... I said the $30 puts, my mistake but I assume you understood that I was talking of the 32.5 ones