Stock Chart Technical Analysis Uncovered the Following:

CandleStick count of 26 days inside the constricting Bollinger Bands.

The Butterfly pattern consisting of the 5, 10 and 20-day exponential moving averages (EMAs) are converging.

Stock already broke downward with good price momentum and equity trader momentum

Wait for stock price momentum breaking below $154 with conviction and equity trader momentum of at least 1%/hour before entering a put option

Stock Chart -- BREAKOUT TREND FOLLOWING Template