China MediaExpress Holdings, Inc. (fka CCME)

[eyedoc]

I know little of options and only own stock. It should be obvious to all that when the 10K hits there is no way this stock will be trading within 20% of its current value. If signed off on it will go quickly back to the 24 area it was at, and playing a devils advocate and saying Deloitte walks away it drops into single digits. What is the correct way to play this with options? Now assume I am massively short, what is the best way to play this as that will be the exit strategy for them? If anyone can explain in simple terms I would greatly appreciate it.