pre-hype in September the stock labours around $10
@deal_with_singh has $1.10 premium from the 2 option trades expiring 19 November.
the naked put is at $12.50 strike, if the stock finishes below that, singh is good for breakeven to $11.40.
if the stock drops lower he has 2 choices ...
time decay, close the put options out at $12.50, walks away with a few pennies profit... my choice
if he ignores/not watching his position & gets assigned on the 19 November (lets say stock at $10) he pays the piper the difference of the $11.40 (his downside pain level) at the point he loses ~$1.40, which isn't so bad compared to those that bought the stock today at $15, they lose $5 or 50% of their investment.
or the stock could drop on 19 November to its 12 November open price $11.19
either way singh will be OK