Long Dec 31 2019 292 Put @ $1.69 cost basis closed today at $.82.  Although expected to close the position today, it remains active until the end of this week. 

There was a large gap to the downside in the midst of an uptrend which shows that someone is going against the trend. (60 min chart above)

That gap to the downside was filled and we now linger at the supply level where that gap started and expect the downward momentum to continue farther, especially since the demand around the 3117 level was punctured past 3080 as shown below. (Daily chart)      

 

 

Expect the downward momentum to continue to approximately 300.  However, because the time value is a headwind, will look to close as soon as possible. (weekly chart below)