Or today. 4.65 mid. Now that's a trade. Of course I didn't get filled. How about a Sep/Oct 35/40 diag if you want to play a bounce EDIT: Never mind. It was a 0.50 debit when I posted, now 2.25. Options in this stock are crazy.
Third halt of the day right now...the others were curbs I believe but this one news pending. Could make a big move coming out of this one.
Daal, thanks for the look. I sold some Oct 30 puts small size. I think this is 15 or 40 and probably a 40. Not a lot of analysis here though other than other insurance companies consider the treatment to be important and it's been practiced for 60 years.
Long-term this stock is worth very little, certainly single digits. Short-term though, could bounce a lot. One thing that I learned is that no matter how bad the news is there always people that think there is a bargain there, specially for a stock with 7 forward PE and the analysts are defending
Why do you say that? I don't know a lot of about this company; but I was working on the assumption that the price on Thursday (these docs apparently came out over the weekend) was a good reflection of the prospects of the company. EDIT: trades at 6x (trailing) sales right as of today...