BUFF - H & S formation, short from $23.17 to $18 area

BUFF is forming a possible declining neck head & shoulders pattern. In the weekly frame it also seems a head & shoulder formation. It has high P/E & Debt/Equity ratio. It also has some insider selling history.
So overall a decent short opportunity, from $23.17 to 18 area.
On the option side we would consider $25 March-17 Puts

You can check our detailed analysis on BUFF in the trading room/ Executive summary link here-
www.youtube.com/watch?v=vtV5l5_S...
Time Span: 1:50"
Trade Status: Pending