The pullback started almost immediately after I posted that. The model above assumes that the current wave will not extend. If it does, the pullback could be much more limited per below but still very trade-able to the downside.
Note that in that post I had bought the $17 puts for 1.20. I actually sold them after 5 waves down kissed the 38.2 for a nice short term gain and will be looking to get back into them next week now that it looks like wavc 2 or b is complete.
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