NWL seems forming a sharp declining head & shoulder formation. It also seems breaking down from a double top formation. On the other side huge put volume also suggesting investors bearish approach to the company. We think it will be a interesting option play to the down side.
We would consider $45 March puts, last traded for $2.60
You can check our detailed analysis on NWL in the trading room/ Executive summary link here- youtube.com/watch?v=JTheOhZI4Xw Time Span: 9:00" Trade Status: Pending