The Bigchart on the left dates back to the 18th of December 2011. The chart on the right is as of today. The stock peaked in January at about $100. It has taken all this time to do wave 1 down and an a-b-c rebound in wave 2, precisely to the Fibo 61% level. The drop over the past day or two is the start of wave 3. The first target is at around $45 but much lower possibilities lie beyond that. If you bought the recommended put at that time you have lost about 1/2 of your money but you will soon cross over the strike price a second time and there are at least 3 months left to expiry! Buy more ?