$31 is my target. 20ml+ in short covering and fund buying pushed this to irrational heights imo. Maybe it is time for a reality check. Selling the March or June puts look better to me than an outright buy now for the most conservative investor. The March 35 returns about 10% or gets you in at about $31.50. Selling in-the-money calls if it is in an IRA would accomplish about the same. Unfortunately the low volume has created large spreads for some of the options.
Just my worthless opinion