L__Chaim

Descending triangle

Short
AMEX:FAZ   Direxion Financial Bear 3X Shares
with volume support. Also very low (current) IV could be interesting to enter with a single contract instead of a vertical.
Despite the low IV, a straddle does not look too great as you'd need to give it a month to expiration to increase the wining probability which makes it expensive hence not interesting.

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