AMAT - Earnings option play, $42 August 18th/25th Puts $0.60/.76

AMAT seems very good earnings play on the down side. It has good amount of insider selling. On the technical side it seems breaking down from an upward channel, and also looks like its forming a double top. Overall it seems it has good chance to decline with the earnings. To play this we would look for $42 August 18th or 25th Puts currently $0.60 and $0.76

* Trade Criteria *
Date First Found- August 17, 2017
Pattern/Why- Earnings Play (High Risk Trade); Upward channel breakdown, Double top
Entry Target Criteria- We would look for $42 August 18th or 25th Puts currently $0.60 and $0.76
Exit Target Criteria- $34
Stop Loss Criteria- N/A

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