A word of caution playing SNDK with Call is definetly risky. The things I am going off of is TA. The RSI is at a stage where, in the past, it likes to bounce. I think it needs to fill a gap of 39.75 range. Once it reaches that area then it will be time to do a PUT order at 42.5 to be safe if you do a March07 or if you do an April07 you could go with a 40 PUT.
SNDK is in a downward channel producing lower lows and lower highs and at this point I see no reason to break that descent. It is time for a bounce though.
The tricky part of the Call option is making sure and picking the right day to enter. If it tanks really hard on Monday you need to pay attention to the candles and see what the tell you. IMO this drops no lower then 37.5 before rebounding. So watch closely the momentum, RSI, and candles. They have had a lot of bad news but the stock has reacted to that already. If you feel uncomfortable with the Call option because it is going against the trend then just wait until it gets up to around 39-40 range and short it.
My CALL order is set around 1.4-1.5 range for a Mar07 37.50 Call.
CALL or PUT at your own risk. I offer opinions and nothing else. Good luck.
