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Washing Our HANS of High Growth Stocks

The "Pretty Girl" index, which has been the subject of so much fascination on Options Action, is showing a little worse for the wear today.

Netflixis a horror show. Green Mountain'sa disaster. And Hansen Naturalis not much better.

On no news, the high-growth soda maker is off some 8 percent today, and as of 2pm, there were four puts purchased for every call.

Loyal viewers may recall that on last Friday's show, Dan Nathan of riskreversal.com recommended the Hansen November 85/75 put spread, paying $1.70 for the trade.

That package can be sold today for about $3.60, or just about double your money in less than a week.

So what's Dan doing now?

Said Nathan: "Take off half. "

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