Optimal Group's Non-Gaming Biz Should Remain Strong

Almost a month after the big plunge, shares in Optimal Group (OPMR) look like they have put in a bottom. Don't get me wrong -- I don't think new highs are in OPMR's near future. But Optimal's balance sheet is strong and its non-gaming business will certainly carry on regardless of any restrictions imposed on the gaming side.

I still am short Nov 7.5 puts, which have collapsed and should expire worthless barring a second leg down.

Disclosure: I am short OPMR puts (a bullish position).

OPMR 1-yr chart: