This 9$ level presents more shorting opportunity if it starts breaking down. The monthly chart looks scary for Longs. This position looks scary either direction and will need some intra-day confirmation. Nonetheless, it does meet 2:1 RR criteria.
Options Play: Jan Puts, Strike: 10
Option Price at time of chart creation: $0.99
Options Play: Jan Puts, Strike: 10
Option Price at time of chart creation: $0.99