MIK is either dying or flying

I am not holding a position here, but contemplated longing 1000 shares at these levels thinking they can adapt to online and the stores are actually still busy... or at least there are lines of people waiting outside the one near me... which could be indicative that the selloff here is overblown.

However, this company is heavily indebted during a time when a bad balance sheet can kill a company...

It's hard to say where this goes, but my trajectory accounts for only the best-case bullish scenario. The play might be to buy $5 calls to minimize risk.