Stock is near all time lows and probably will make new lows soon. Small chance it tries to test the upper trendline first, in which case I would stop out of the trade above 7.75.
Like CLSD, I would not short this outright, but buy the Jan19 12.5 puts.
Like CLSD, I would not short this outright, but buy the Jan19 12.5 puts.
Comment:
Wish I had a do-over on this one. I only have one contract, so I'll hold and accept defeat if it goes above recent highs (9.26).
Trade closed: target reached:
this worked out. Might go lower, but can't hurt to take profits near target support line.