Icono, its just that QSII has had such a huge run and trades at such a huge multiple, about 47. The big drop recently happened on relatively huge volume, compared to similar drops in the past. I just feel it has been priced beyond perfection and that beyond a tripling of profits, it wont survive earnings. However, I have just found out QSII may not report till some time between June 13th and 23rd, which would put it beyond June expiration. Looks like I will have to ditch those 2 June puts I bot and get some July ones if I want to play. This bearish stance is purely speculative and based on intuition and past experience. Please dont risk $ you can't afford to lose :).
