I had to go look at what you were talking about. The "O" looks weird and doesn't really look like anything. I'm not a huge fan of any hand signs, but if you have to do one, the A-love one is cuter. If you wanted to capitalize on the O, you could modify the A-love handsign and make the heart look more round like an O, I guess. I'm glad that so far not many chapters have had their members doing these.