When looking at FL set up for a down day Wednesday-just hope it does not gap down
Will open 10 $34 SEP 6 PUT with limit of .65
Looking for drop to of between $29-$31 over next 6 trading days.
Decent divergence for EOD trading and generally leads me to believe will "Catch-Up" in the AM. Also, while not a very clear or perfect Pennant, Pennant shape forming up for move lower
See how it plays out.