I bought some $89 puts today to hedge that range bound level...
Why buy puts? You can sell some calls to protect your profits, if you are worrying about that.
Sentiment: Strong Buy
nah, wrong play here. I do that all the time and selling calls isn't heding risk. It lowers cost only by the premium you take in. I wrote calls when QIHU was at $95 effectively selling stock at $96 and change.