If it bounces off of my support level one I will enter a call options for an expiry of next week Friday. If it keeps pulling down then I will buy a PUT for the same period. How it moves between my Res & Support will tell me when to buy and sell my moves this week. (Not financial advice)
Comment:
It bounced right off of my support line just right before the bell. I was able to swoop in for a quick call option and sold at my resistance line of $174. From there I pivoted over and bought a PUT option and called it a day after the bounce off of the 200 EMA.