It also breaking down from a long upward channel.
We think it will decline to 46 & lower, and we are considering $50 January puts, last traded for $2.55
You can check our detailed analysis on XYL in the trading room/ Executive summary link here-
Time Span:5:45 "
Trade Status: Pending
$50 Jan17 Puts went up from $2.55 to $4.90, that was 46% option profit.