The options are priced too cheap (in terms of IV). The IVs on calls as well as puts was -50% for the nearest in the money option which corrected a lot on Friday to come down to 44-45%. Today it is down to just about 37-38%. If anyone has any conviction on movement on either side, they should buy the options. Disclosure - I am short 480 call (2 lots) and closely watching IV.. Would be covering if IV goes beyond 45-46 this week. I am hoping that IVs stays low till end of this week or the stock price comes down so that I can cover at good price.