Can't check the deltas right now but as long as PCS sinks to the low 5s or below on Thursday, or rises to the 7s or above, the options should at least double from the prices I bought them at (which were 10 and 15 cents, respectively). I bought more puts than calls since I am very bearish here, but in the event of a major earnings surprise that sends this to the 8s and upwards, I'll more than compensate for the losses on the put end. I might close out of the shares I shorted tomorrow morning though...but I'm not dumping any puts or calls till Thursday.

Running a spread using the 7.50 put and the 5.00 call would be less risky since they're both already in the money, but also less rewarding.