The rally pattern shown in the chart suggests a stumble at or very near 42.68.  Let’s try to get short there, buying four May 41 puts if and when the underlying vehicle gets within 5-8 cents of the target.  If the stock tops where expected and comes down hard enough to allow you to sell the puts for 40 cents more than you’ve paid, close out two of them. Since there’s a chance that the stock will hit 43.32 if it blows past the first pivot, plan on buying four additional puts at that level. _______ UPDATE (11:35 a.m. EDT): A rally spike in the opening minutes of the session carried to 42.50 — not quite high enough to get us short.  The order is still valid, but, for your information, there was no easy way, even drilling down to the two-minute chart in search of camouflage, to get  short.