This is a short trade opportunity coming up, the overall trend is down but I do not want to chase a short at these levels.
When the stock dead cat bounces up to $22 area right onto megaphone resistance, I will grab some put leaps. This company is dead in the water and will churn a bit here at historic reversal levels (2001 and 2008-09).
When the stock dead cat bounces up to $22 area right onto megaphone resistance, I will grab some put leaps. This company is dead in the water and will churn a bit here at historic reversal levels (2001 and 2008-09).