We hold 200 shares for 40.41. Since the stock looks like it could fall to 37.74 before it gets traction, let’s try to hedge the exposure by offering two Jan 40 calls (NEMAH) short for 1.19. They were trading for around 1.25 when the bell rang on Monday. _______ UPDATE: We shorted two calls for 1.20, giving us a covered write. No further action is suggested for now. Incidentally, I have inferred that the action at the opening was quite bullish, since the predatory scumballs who manipulate this stock for a living were able to move it 86 cents, from low to high, on the opening bar.