Boca_Bobby Basics

[boca_bobby]

For the Bears out there.

I see a really nice breakdown with PCYC. It broke support on Friday with larger volume. And then we saw a big jump up in AH trading. I'm calling BS with that move back up!

Right now the Nov17 $55/Puts are priced at $2.30. I'm hoping Monday morning we do in fact see some folks buy at the open. The $55/Puts would drop in price and I'd be there to grab a few. I see a move down to around $45-$48 very likely so we could see some nice % gains for this play.


Good luck