I know all my $9 calls are wiped out some time ago. I bought some $8 calls recently attempting to offset the $9 call loses but that too backfire on me. I hoping to get 10 or 15 cents for it. My thinking is that right after the guidance, it may have a slight pop and may drift back below $8 towards the Friday's close. If anyone is still holding the Feb calls, what's your thinking or strategy???
I think tomorrow the stock will open relatively flat as people read the heading $3.2B writedown will think the worst. Once they realize that this is a paper only writedown and the company actually blew away earnings estimates it should go up nicely tomorrow. I would love to see it inch towards $9 by Friday but I'm a little biased.