I maintain that the will resolve the last week of Apr--coincidentally enough, right at . The funnymentalists are going to thank the Gods for making it rain, but we know better.
If the projection is good and we're sitting below 40.80, expect a pop back up to that level before (taking us out of the ) and then a major jump to ~45. We have a tiny bit of room to move below the 38.78 support line and still maintain the boundaries of our before 4/29, so I wouldn't be too concerned unless we break below 38.78 *and* below the wedge--in that case, expect the bottom to fall out with , as we have no support.
If you're going to make a play with options, I would recommend May or June 40 strike purchased on 4/18 or 4/21 to allow the to run a little bit lower but to get in before any Wall Street projection. Calculate your stop for below 36.50 at the absolute lowest, as that's the very tip of the .