Ok, so I think GRPN is going down like anyone... So the obvious move is short stock... but thats too expensive right now... So their options went up today, but the premium is WAY HIGH.. obviously the premium is going to go down, but the price will also likely slide... The ATM put is 3 bucks!!! Thats redic high for a 24 buck stock... So whats a good strategy to take advantage of the dwindling premium while also taking advantage of the sliding price? I'm thinking a long front month high strike put, short a back month.