Action: This is a short Put position in the Option Writer strategy… Sell to open 3 April 18, 2014 Infoblox Inc. (BLOX) Puts at $1.60. This is a $1.60 credit, or $160 for each Put (total of $480), to our account. After the company pre-reported earnings on 4/10 the stock dropped from $34 to $17 and has now recovered to $23. The move was overdone and buyers are stepping back in. This is a play on Internet Security which has been in favor.