So shorting these levels will be a good idea, with risk/reward ratio between 2.5 and 3.5 as an initial order, adding more shorts later will increase that ratio.
And as an optimum Short call, I'll put a short pending order if the price breaks above @0.748, this pending order should be in the upper red triangle on the chart with a SL @ 0.765. The risk to reward for that call alone should not be less than 6.5.
-Calls in this area are supposed to catch the trade incase the price falls fast in an impulsive move, calls have to be small orders as we may go further up to the upper triangle.
-Shorting between @0.7396 to @0.746 will get risk to reward ratio of 3 at least, this is not an intraday trade, so just put small calls and let them run with SL not below @0.77 (Safe margin for high volatility). We will add more shorts on pullbacks later.
-Don't forget to set one or more short pending orders anywhere in the upper triangle in the chart, to hunt the up spike. SL for this call depends on your account (risk maximum 2-4%). The risk to reward ratio there should not be less than 6.
-RISK MANAGMENT is very important, this short call should go to @0.69 at least and may extend to much lower prices, so please don't let the market nor your greed stop you out of the call or bankrupt your account.
-Never let any trade be your last trade.
-If it falls from here, we could alwyas add more shorts later. don't close all your calls, let them run and hedge.
-The election spike should have gave you a good profit, use it.