Maybe time to throw a few chips at some long term puts?
That might look like incompetence, but I think it’s confidence. They know the switching costs for large orgs are so high they can treat these people like trash and few if any will leave. I wouldn’t be surprised if the total number of seats among affected customers has gone up in a few months. By failing to acknowledge the problem they’ve kept it out of the mainstream media and financial press.
They have their customers by the balls and don’t respect them. That’s a short term bullish signal to me.
Disclaimer I have puts that expire 4/22 (purchased yesterday) so I hope they go down in the short term. Seems like a total loss now after being up 50% yesterday.
Mine expire 4/22 but I have more calls open at the moment anyways so if I had to choose between this going down or the market up I'll take a full loss on these puts (seems likely at the moment)