A - Earnings option play, $57.50/$60 August Puts @ $0.55/$1.62

A reporting after market today, and it seems very interesting as a option play. It is breaking down from an upward channel & long term support. It also has insider selling, and strong moneyflow divergence. We think it has very good chance to decline with the earnings. We would Look at $57.5 and $60 August Puts, currently $0.55/$1.62


* Trade Criteria *
Date First Found- August 15, 2017
Pattern/Why- Earnings Play; support breakdown from upward channel
Entry Target Criteria- Looking at $60 August Puts, currently $1.62 or $57.50 Puts, currently $0.55
Exit Target Criteria- $57
Stop Loss Criteria- N/A

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