Before I attempt to elaborate on my answer to your question, be advised that I executed the following at 3:34pm: Sold 1 block at 27.67, and covered 100 July 30.00 calls at .80/contract to take some profits off of the table. The reason I sold 400 depp in the money calls is because after today's breach of 27.50 (technical support of 6-months), testing lower levels appears to be imminent. I'm not sure how much lower at the moment. That said, I wanted my deep in the money calls to hedge me while I accumulate the stock without having to predict a bottom precisely. I plan oncovering or buying back those calls as the time value on the calls decays and/or as the stock trends lower to establish a new bottom.
This is what's wrong with ET. We have someone who is willing to share by posting here and we get sarcasm. The gentlemanly approach would be to offer your alternative suggstions, comments etc and have a mature discussion.
Bought back the 400 July 25 calls at 2.40/contract (which I had written yesterday for 3.10/contract) for a gain of .70 per contract. Of course, I'm still holding the underlying shares.
Bought 1 block for a scalp at 6.00 This is a speculative play due to SEC inquiry. Be careful on this one.