I know an irregular flat when I see one. It may not rise as much as the shadowed arrow, because the div yield is hefty. I try to open positions in options whose stocks have div yield < 2%, market cap >$15 B and beta > 1. Thats my criteria trichotomy.
I got the break of the low, (C) was lower than (A), This is what I look for before opening a position in calls. I believe Inflection points (A B C) reveal alot about the stock's behaviour.
Recently bought to open a position in PTON 04/16 150 C. PTON looks ready for another impulse!