Speculative Put Option Trade
Below is the chart of a high flyer that early in 2020 topped out around 660. When the market cracked in Feb-Mar it fell to 200. The chart says today is likely the top.(earnings come out tomorrow) I’ll let anyone inclined to play for another big drop like last year to figure out which puts to play. I don’t expect a replay of last year but the gap and 200 day around 500 is a good target to shoot for in the near term. The gap at 350 is a good final resting place further out.