Tyson Foods (tSN) To the Downside

51 Strike Price Put Option

TysonChicken ( TSN ) Short

1.News

2.Rising Channel

3.Ascending Triangle
4.The Trade/ Entry,Stop Loss, Take Profit

Tyson Foods to Drop ‘No Antibiotics Ever’ Label on Some Chicken Products

Tyson has a Major Drop on Earnings

Rising Channel

A rising channel has developed in the past 3 days
The start of the rising channel started at $49.21
The ending of the riding channel ended at $51.20.
There is a $2 dollar difference, that could be use for profit.

Ascending Triangle Has Developed
Bull activity is showing weakness at the price $51.20
After the ending the ascending triangle it shows price action favoring the downside.

Price is trading to the bottom side of the Ascending Triangle.

The Trade
Im interested in a entry around with a nice short setup $51.20
5 Put Option Contracts
My take profits will be at 50.69 for three contracts, but if there is aggressive selling I will stay in until $50.31
Stop loss is at 51.30