Without shorting the underlying, if you are patient enough, you can consider the JKS 9/15 30P for 1.25 with a $22 price target... The puts captures two earnings report and if the stock breaks its $40 major support, we can expect an avalanche of selling down to $30. The mkt is saying there is a less then 10% chance it goes below $30, but I think it's more like 20% if you look at technicals.... you can use 14 - 85 fib levels.