Sell High-Buy Low + Exhaustion + Retracement

ABX is up at a level that sellers love to ask for. It has tremendous selling pressure at 18

I am going to trade this stock to a price target of $16 before earnings using options, Mar17 17 Puts:

Trigger: .73
Stop: .53
Target: 1.33
R:R: 3:1

Plan A: Look for this trade to work and close before earnings regardless of profit or loss.

Plan B: Stick to Plan A