dont worry atticus, I've had black swans a few times we all go thru them, not fun but you have to kneel before the God of red ink sometimes
the buyout for $2 was not a black swan. after the bankruptcy rumors all last friday and the 50% drop in stock price, you cannot consider this a black swan. sept 11 was a black swan -- absolutely no one saw that coming (except the hijackers).
Out of the straddle on the print of $12.86 on my short-spot. Small win. 30C is a dime offered. $17.34 buys the APR 30 synthetic straddle.
I would not be the least bit surprised to see BSC bid back up to the 20ish range, and I've been spot on so far. Profit from it. http://www.elitetrader.com/vb/showthread.php?threadid=121965