HOG was running within an upward channel formation, which broken just recently. We think with the falling oil price it will decline further. According to Upward channel breakdown we got target or $45.33. To play this we would consider $55 Aug-17 puts
* Trade Criteria * Date first found- April 20, 2017 Pattern/Why- Upward channel breakdown, Falling Oil price Entry Target Criteria- Break of $55.87 Exit Target Criteria- $45.33 Stop Loss Criteria- $60.13 Option- $55 Aug-17 Puts
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