Trade: CFC April $25 Put @0.65

Bought CFC April $25 put @0.65 I expect to hold this till expiration if the downtrend is strong. Else I might trade near support-resistance levels, CFC was at 32.05 when I bought the option

Bought this today instead of the July put as I saw a relatively "cheap" quote. Also if there is any possible market weakness on Monday then CFC might be caught in it.

I'll possibly still buy the July options if the stock moves as expected; I might sell the April put near support and buy the July near resistance. Possibly not before Feb/March.


CFC long term chart