POWI

A POWI bear put might be more profitable than a POWI put. Looking at the chart, POWI can fall to 19.82. With the 20/17.5 bear put, it is (0.18/0.85[$1.1-0.25]) profit. Whereas with 20 put, it is negative. In fact, it is proved more profitabe to do a bear put if the trade is above $16. Hence, go ahead and buy 20/sell 17.5 bear put for November. Do one leg at a time by bying $20 first. Wait until price drop and sell $17.5 for smaller debit.

Based on projection, it should drop to 18.5 in 2.5 wks, as soon as market is reviving, sell the 20 and buy back 17.5.