You have to look at the odds of CY going up or down.
In my opinion the odds of CY going down are much better than the odds of CY going up.
Since they announced the Revenue and "bookings" problem a couple of weeks ago---I think the stock has gone up only 3 days.
If CY misses those numbers--or if CY hints at more slowing down in the 3rd and 4th Quarters---this stock will go down---BIG TIME---because they dumped so much hype and "How Great Thou Art" the past year!!
I would suggest Puts and covered Calls to protect you from a steep drop off.
The Poster this AM had it right---CY at this point is "sick!"