I have not played any options since I am not well enough versed on them.
I stayed away from all but a small core in KRY since it had become a short traders dream, but recently I have started to be able to trade it again, but the range is so tight its hard.
Everyone must remember that it does not matter right now what anyone things pos or neg on KRY until there is news/permit. The only thing that matters is what the market thinks, and if you can trade that "sentiment" and its assocaited patterns you can keep the losses minimum.
Right now the markets "face" says SELL, but while the left hand is selling the right hand is buying.