It looks like I was dead on for by selecting the stock in this week's Schaeffer's Tool Box, even if it was only for a brief couple hours this morning. The stock rocked more than 10% higher on the open after the company reported that its third-quarter loss narrowed to $4.7 million, or 20 cents per share. Analysts were looking for a loss of 19 cents per share.

However, market forces have pushed OSTK lower since it peaked at $34.30 per share in the first few minutes of trading. Still, bullish OSTK investors shouldn't be too concerned, as the stock is still about 4% higher on the day. What's more, the security is holding firm at support in the round-number 30 region, which it could utilize as a springboard going forward.

Sentiment remains heavily bearish, with more than 61% of OSTK's float sold short and all 8 analysts following the shares rating them a hold or worse. Still, the security's Schaeffer's put/call open interest ratio (SOIR) is a bit concerning, raking below 90% of all those taken during the past year. This could help explain the sharp pullback in the equity since the open. More pessimism on the options front could have help mitigate losses stemming from today's market volatility.