This is one I've done before. I wouldn't mind owning shares down here.
10 contracts is ONLY $150. Make sure you don't mind owning 1,000 shares if you did 10 contracts. Just an example. ;-) However, I like the buy low, sell high area.
Could also simply be a stock to watch down here.. :)
98% chance who ever did this put sale, will get some shares put to them. And then, turn around and look to sell some covered calls. MIGHT even get into a collar. :-) Jan $20 put for .55 AND the April $35 covered call for .65 cents might just be my play....
JUST AN UPDATE FROM HERE!!! :-)
Good to see this one bouncing off of the 100 SMA. Dollar cost is still 24.05 :-)