Buy the 15$ calls, if you want to stay short. Go long and buy the puts. I don't know the option prices, you place your risk/reward. Me I'm long, and will double down below 7. I bet they don't ask for money till it's over 15$. Wish they didn't have to at all. BUT JPM says they have to. Good skill to all longs.
STOP focusing on the $6 figure. Facts are that was way oversold. Even the insiders bought. So where does it go now? Frankly I could live without a buyout or merger too. However lots of folks would buy this at $15/share, AND they may have to act now before it gets there on it's own. That said, MCP is going up. Noone should ignore the volume. 2013 is another year positive for metals. Things are cyclical. Buyers have run through their inventories and need new raw material. get over it. MCP has a working mine. I liken this to LNG. Look what happened there. The range was 9 - 5$, then they finished their port, took orders, and stock is now at 20$. You keep focusing on the $6 figure. The available float has changed hands twice now. MCP is headed up, all anyone is looking for is a reliable source to say YES, mcp is not going away, and are mining, and at 500M/year income now, will make their dreams come true. MCP would never sell their company at 6$ or twice that. YOU make me laugh at your sillyness.
long since 8.80