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panda,

with a full eight months to expiry the options have every chance of being in the money. and if not they are certainly good for a trading play over the next two months at least.

not sure why you would call the oppies down when they are actually priced for failure right now. any sort of success, which presumably you think will occur, and the oppies coud well double from these levels.

the thing i like about the oppies is that .10 for gdn puts oppies around .015+ ....

anything above that level in .005 increments starts to get very interesting.