My history of the option traiding is full of failures. My lesson is: do not keep purchased options till expiration, just ride the momentum and get out till you can. Regarding LAC and this Friday event, it would make sense to consider buying 22.50 calls and $17 puts.

We all know, that by Friday, the share price will move, just not sure which direction. Cost of the position is about $0.45 per contract, so anything above $23 or below $16 would pay money. The only problem here is Cal and his declared "bottom" at $17...