My financial broker urged me to short this last Tuesday, as the news got worse and louder. It was over $ 39. Now under $ 37. I am thinking of March $ 35 puts. Purchase 200 of them @ $ .55 each. $ 11k. I just made alot shorting Blackberry from $ 17 to $ 14.
Listen, this stock bounced back nicely after the Concordia disaster which was much more costly and people died. All these lawsuits coming out of the woodworks have no basis and will be dismissed. The stock will bounce back in due time.