Looking at today's trading action
I shorted Facebook (FB) $26 June puts yesterday near the close at 80 cents each. I will look towards late morning to cover, hopefully 50 cents or lower. A nice pop higher will help.
I am also watching TheStreet (TST) for another long entry. Typically I would stop loss out with such a percentage of a move against me.(cost basis is about 1.93). I am writing for TheStreet and believe the management is excellent. The stock is trading for less than cash.