Weekly & Daily setup so should have high probability.!
Weekly (W) Chart shows Price Action (PA) sell off last few weeks towards Lower BB% . W RSI Oversold and previous S& R level of 47 to 47.50 On Daily (D). PA has been consolidating at S&R level and right on 200 MA.
As usual, Looking for reversal to mean back higher. Aiming for 47.5/45 Put Credit & 50 Call option for Directional bias higher. Exp Aug 16 but selling to close in Profit well before that.!