I made some mistakes with the CYGN short. 1. I did not check to see if the stock had a gap in it.<A HREF="http://www.bigcharts.com/quickchart/quickchart.asp?symb=cygn&sid=0&o_symb=cygn&freq=1&time=8&x=33&y=15" target="_new">http://www.bigcharts.com/quickchart/quickchart.asp?symb=cygn&sid=0&o_symb=cygn&freq=1&am...</A> 2. I did not check to see if the stock was squashed. Also, I did not look to pick up long term puts in this stock. I think I am making the same mistake with the PRGN short.