The original put option is to expiring this Friday - the strike has been breached with the stock falling 18% on news of sudden exit of its CEO and also pulling their 2015 forecast out.
Wanted to roll this option further down and out but realize the option chain probably didn't even expecting the share price to dip so much within this short period, it doesn't have much options to roll further down with strike. Settled for a middle ground for now and see how the price action will be for the next 2-3 weeks before adjusting the position again.
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