China MediaExpress Holdings, Inc. (fka CCME)

[playa55]

If one were holding deep OTM puts right now, would you execute by Friday knowing this could go for months (borrowing costs) or that CCME could prove claims and open at $10 or above in May leaving a very expensive cover?

Seems as though if CCME is quiet through the end of the week or releases the minimum required info, it would become a tougher call for put holders. Monday it seemed like an easy choice.

I myself would not exercise a $5 put right now, based only on the resignations.