This is a combination of a PB2MA and PB2BO trade. After a decent reaction on earnings, the stock failed its gap higher and sold off a quick 100 points. It’s now at the lower end of its trading range and with a little more selling or time the rising 200 day moving average will catch up.
Here’s the trade:
Go out to April options… they aren’t the most liquid but if you put in limit orders and let the market come to you, you will be OK.