For the benefit of those reading: given that this may very well be the worst breach ever by far, and is likely to attract significant attention from government regulators and prosecutors, this is likely a particularly unwise time to begin attempting this strategy.

I might do this with options for this breach, depending on what the IV is tomorrow. While this is probably the worst breach ever, it also happened in a time when there's a government that is going to do fuck all about it.

So what's it going to look like 6 months from now? Your guess is as good as mine. Mine is: either absolutely nothing happens and the stock goes back up, or this finally gets something to be done about the garbage that is SSNs and/or credit reports (in which case I can't really imagine what happens to the stock price in any direction).

The sad thing is these breaches are so common place nowadays most of us regular folk just assume all our personal information is compromised to some degree. I'll be curious to see if this breach has any real material business impact.