6/19/15 Possible 3rd breakout. Failed and retest twice before (recently) IF FAS trades down do not be afraid to be bullish. Simply mitigate your risk. Updated on 6/22/15 I like the gap on FAS. The entire market however, is simply bullish / neutral. This could be a decent place for a long term bull put spread (32 and below) or owning shares long term (4+ months and doing covered calls)