This is one that is surely not for the faint of heart. Looking for a rebound faking out the shorts and a bullish reversal towards 82.50 initially. Highly volatile and very risky trade instrument here. Lower support is around 48.50 and this would be an area I would look to sell another PUT contract. Premiums are just too good to pass up for shorter term options traders.
Current Position - Short DEC21 65 PUT
Current Position - Short DEC21 65 PUT