DELL recently broke it's major support on both the chart and the graph (red ). Possible gap fill (purple levels) down to it's previous prices in September. engulfment on the daily.
Break of 67.1 (green level). With the loss of both the red support and the green level there will be very big downside potential. You can of course enter immediately on Monday but it might reject the level and regain bullishness, so that's the risk that comes.
11/20 67.5/60p bear spread
Buy the 67.5p and sell the 60p. Net debit should be around 2.5 at the entry point.
A cheap play would be the 65/62.5p bear spread.
I'll most likely close all of my contracts after the gap fill. You can also buy the dip after the gap fill for an ER run up (11/26 AH). Manage your risks set stop losses. Stay green!