IBM Earnings Pattern Repeat?

So I flipped the puts I bought yesterday for a nice 170% gain, got out because I went with weeklys. I think this has more room to drop on what appears to be a bear flag. Look at the pattern from last April, expecting something similar down to $134 support.

Remember when in doubt, short garbage, it's easier than finding a top. The market is bouncing up and IBM isn't.

Comment:

Maybe I should've rolled into next week's puts before close with the profits, INTC guided lower and futures are down. For some reason I thought we'd get a pop up tomorrow, maybe because it's Friday.

At least I bought some NKE puts, stupid that it set a new ATH after blowing earnings.

Trade closed manually:

Decided to take the AAPL profit and close this as well. No gain on this one.

Comment:

Looks like this one's just going to waffle around in this area. The Dow looks like it wants to double top, so it's gonna be tough to short components.