The chart and notes on the SBUX put trade, follows the system described by Dr. Elder, in Come Into My Trading Room.
Expiration-week put options were used.
Two separate buy-to-open(s) are shown; one Monday, one Tuesday. Exit was on Wednesday, October 2nd.
Note: After the second entry, there were nine successive hourly down-candles.
Exit was made at the first sign of congestion and potential reversal.
Indeed, price action moved lower after the exit. However, probabilities of continued down-trend decrease significantly at congestion and/or support.