MED came out with lowered guidance today and the stock plummeted. Down 14%. Ouch!
I have earned quite a bit of option premium on this stock over the last two months, but this really puts me it the hole. I have sold a June $10 option and the stock is now $7. I put in a bid for the option today, but it was not filled. I would like to buy it back now and sell again if the price recovers.
This is a tough company to figure. Good growth and profits. Reasonable PE. But extreme volatility, especially on bad news. I need to take another look at this stock and company.