You are not alone. This is a “SHORT SQUISE” on almost a quarter Billion shares.
Shares Short (as of Oct 31, 2013)3: 247.37M Short Ratio (as of Oct 31, 2013)3: 7.10 Short % of Float (as of Oct 31, 2013)3: 5.00% Shares Short (prior month)3: 255.30M
Well, this does not feel like a head fake. They waited out the post "Stacy Drops the bomb" selling. Obviously the upgrades know about the flat revenue, and they are looking past that.
I just stayed put with short covered calls for the January strike of $25. With everything optioned out, the volatility is much less wearying.