BLDR - Upward channel breakdown option play $15 Aug Puts @ $0.55

BLDR was in our watch list from quite a while & now it seems getting ready for a decline. It seems breaking down from a double top formation, retested & now rolling over ahead of earnings. Moneyflow is dropped. It also has good insider selling, and weak financial ratios.
We think it has good chance of Decline with the earnings, which is after market today.
We would consider $15 August Puts, which are $0.55

* Trade Criteria *
Date first found- August 3, 2017
Pattern/Why- Upward channel formation breakdown, option play on earnings.
Entry Target Criteria- $15 August Puts, which are $0.55
Exit Target Criteria- Momentum


Please check back for Trade updates. (Note: Trade update is little delayed here.)