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Try some option spreads where you sell overpriced CALLs instead of going long on PUT options. Volatility drop will work for you that way.

In long term I think it's a pull back from 38.2%. It may go back to test the trend line, but still bearish until it breaks out to new high. Also, if we look at the "big picture" it can even be a huge doube top on a let's say 50 years chart... and if that's the case, it won't be bullish for a while.

Hi, It looks like a pretty bearish chart at the moment. Base trend is over, in fact there was a nice short possibility (red arrow) when it pulled back and turned down from the broken trend line. If you look it as a trader, there is no reason to go long at the moment. I've marked two long...