Right after earnings were announced, I bought 100 put contracts at last Thursday's open on the March puts/17 strike. I sold them yesterday, but used some of my profits to buy some March puts/14 strike. They could be in the money soon, maybe even today. I'm hoping to see the stock drop to the 12s before next week's expiration.
Anybody else care to disclose their strategy? i'd love to hear how others are playing the game.