Set up: Overbought based on daily RSI and Ultimate Oscillator.
Max upside target is 305-306 short term and I think it will pullback to 280's. I strongly believe PCLN will close at or below 300 (most likely 280) on August options expiration (OPX) based on current Open Interest in Aug calls and puts.
Strategy: Sell Aug 310 call and buy Aug 340 call for a CREDIT of 3.30 and above if it rallies next week.
GLTA
