We are looking for a drop to 55 in longer term.
For trade we are taking Aug16- 95 put ($4.7) or Dec16- 70 Put ($3.7)
You can check our detailed analysis on SNX in the trading room/ Executive summery link here-
Time Span: 6:25
Trade Suggestion Date: 6/27/2016
Trade Open: 29/6/2016