Too early to tell, but it looks a potential HS forming. I just bought some puts expire 08/18 strike 16.5. I'm actually very bullish across the market but I like some shorts to have some balance. Price could also break up and keep going up, but if I see a rejection I'll buy more puts.
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Nice rejection. Waiting for a better price to buy more puts.
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I don't think is coming back:
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Keeping half of my puts in case keeps falling