Are you talking about the employees? Surely they're still in the lock in period which prohibits any sort of trading including options.

You realize you would need a counter party for those, right? I'm not in finance, but maybe somebody who is can guesstimate the size of the long term options market for tech companies? I'd say it must be minuscule, how can you build a profitable strategy off something with that volatility without devolving into straight gambling?