I will be picking up puts at 78.5, 78-80 strike price with Friday expiry. ER aside this chart is setting up well from a short from the fib at $78.5. Additionally, RSI has not been below 40 at all this year. I also saw that the CMO dumped shares last week near the ath.
Then I am again, short on $IDEX. Especially with fraud claims looming and now an absent CEO. Moreover, based on the pattern it seems the bottom should fall out. And, it should be within the coming days.
With fraud encircling this company. I am short. However, it is respecting the trend lines well. If we don't go down tomorrow we will go down soon. Tomorrow is setting up to be interesting. Regardless, I am going to hold the best I can on my puts.