Started buying $9 calls yesterday around 14 and again around 13.60... Will be buying more here.
Even with the additional risk and unknown related to additional reserves, the other business have shown good to excellent growth. At worst I don't see this falling much lower than last years earnings of $1.15 which is a 21% reduction from initial 2014 estimates. I feel this is fairly conservative actually, but regardless it places the P/E at 11.5 as I write this.
Entirely cheap here, which I love. This momentum will pause at some point and the other bargain hunters will jump in. I do not plan on holding my options longer than a couple weeks to a month, but I see this as low-risk.