Because I have been consistent and aggressive in my covered call writing, by selling at $9, I actually come in just shy of breakeven when you combine the loss on the stock position and the income collected by writing covered calls. Plus, with this shroud of negativity that Pandora cannot seem to kick, I should be able to renter the position prior to earnings in the single digits.
In summary, it does concern me that Westergren declined to appear on camera. We'll get together in the future, but it would have looked better answering these questions in front of the lights as opposed to on the telephone.
As far as the stock goes, I am not dying to get back in it, however, the long-term story still remains intact. Through all of the noise, growth at Pandora has not taken as much as a breather.
As a speculative play, Pandora still stands as one of the better choices for aggressive long-term investors, particularly those willing and able to hedge with options.
At the time of publication, the author was long P
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.