Here comes the short term sell signal on JCP as it trades at 4.87. I figger 4.90 will trigger the sell. Keep track of this trade and come back and let me know how I did. First target will be major support at 4.50. The Aug 18th expiry 4.50 puts now at .29. I doubt they break below .25. These puts will at least double by then.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=jcp&x=48&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11