This chart has been in my rifle scope. I believed that it was in distribution and had formed a top. I bought some FEB 25 puts at a whopping .25. It was a bit of a flyer, and I even bought some of the stock to pick up some uptick. I had fully funded puts that I just left. Oh, it was not very much mind you....a handful. But I sold them for $2 yesterday. I consider that a dividend. They traded as high as 2.90---but I was busy at work, and looked in after I saw they reported yesterday morning. Good historical numbers but reduced guidance. Huge gap down. I didn't overstay.
Here's an inverse chart for WH--my Chinese tubular steel maker (for oil services). They announced some good news and sold off a bit yesterday on about 1/2 volume of the day before. I remain long in a small position.
I remain very conservatively positioned.....I don't feel that the market has priced in all of the bad news----largely due to the rather serial nature of the bad news, meaning that it is keeps coming with no relief. It appears to me that the market is expecting some good news around the corner.
The healthcare sector has been enjoying a resurgence of interest. If you are looking for areas to find some action, you could look there. Here are a few names that I found with Stock Fetcher--13 day moving average moving above the 34 day moving average on in 2x increase volume in the 5 day v. 10 average volume: