Looks like Expedia (EXPE) finally stabilized around $14.60. I still have 19 calls contract out which I sold for $0.95 and are now trading for $0.05 and expire this Friday. While I’m tempted to buy them back and close out my short position, I see no need to do that just now. I’ll hold on till the end of the week to see how things turn out. It is interesting to note that the January 07 Expedia options are trading at $0.55. This indicates to me that the speculators out there give it a 55% chance of getting back to $20 by January 07. We’ll check back on Friday after options expiry to see how the Jan 07 options shake out.