This stock has multiple bearish formation across multiple time frames. Indicators uniformity point down. Price target supports a 2 RRR. I would shut for the November 2018 put, strike price $40 for price between 3.70 3.90. That is a 20 cent spread. If stock hits target the strike price will be well above $3.90.
Daily On the daily chart stock has formed a bearish descending triangle. all indicators point down. Weekly Stock has formed a H&S on the weekly chart. All indicators point down. There is a 2 RRR. Monthly Stock has formed a double top on the monthly chart. All indicators point down.