Short Term PUTs on $JPM - Head & Shoulders Pattern

JPM has a clear H&S pattern formed on the hourly chart. We are waiting for confirmation of the neckline breaking now with volume. This confirms a significant downward move in the short term. I have started a small short position in 6/26 & 7/2 90p. Hedging these with longer dated 105 and 110 calls. Will scale into the short positions once the move is confirmed, and then look for a reversal to move profits into calls.