talking my position, so i'm biased. just sold some oct 5 puts @ $0.15. i am estimating that this company has ~$5.5 per share in cash @ 9/30/14 (using the 6/30/14 numbers and reducing the cash on hand by ~$20million negative cash flow for the quarter based on prior quarters). stock is trading @ $5.70 as i write. yes they had some negative news based on their current wonder drug, but is everything else in the pipeline worth nothing? between now and October 18th (or November expiry for that matter). why would someone want me to own the stock below cash value. this is silly. but i was happy to play the 'house' in this trade. if someone can show me the error of my ways, i'd greatly appreciate it. good trading....