My initial call for OI was early by almost 10%-times like these require wide scales. Selling the previously mentioned called really covered a lot of this downside: the Nov 50 calls are trading now only at $2.80. Don't hate me to much yet though. My initial call was @ 47.17, only $2.67 higher than it is now and you gained about $1.20 on the calls. The market has been rough and this strategy has only cost you $1.47/share- less than 3%!
I do see how all the current fears can play into OI earnings but the current market sell off is being driven by fears.
Technically, OI is at support at the moment and just filled the gap. Never sell into a panic.
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