LB Short

Updated
Is the bounce over or gap fill?

Dying brand but dividend is still 4% even after they cut it in half. Seems like it ought to drop a buck or two in the next week.
Note
Added more puts at the gap fill, momentum is dead even on a big up day for the market.

Hoping to snag a buck or two before the end of he week, then I'm flipping the puts.
Trade closed manually
Decided to clear out most of my puts on this market tank. Expecting it to bounce for a day or 2.

Still room for this to go down though.
Note
LOL, I was right. Look at the arrow.
Chart Patterns

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