I've decided simply to go long puts/calls, limit each trade to a somewhat neglible amount, in the hope of 100+++ returns. Put a stop at 1/3 the money. If it expires worthless, so be it, provided I'm winning 66%+ System pointed me to MER this morning before bell.. The meager capital i've put into my trading account is in puts on OSTK at the moment, so couldn't go in. I have OSTK targeted at 18-19 ... probably need a downgrade to get there by end of May/June.
actually MER has more risk than I'm looking for because of the market reaction to their earnings ... it would have flagged it the first week of january though ...