The $292 call needs a clean break above $291.71 — that's R1 and the line in the sand. Don't front-run it; wait for a full candle close above with volume confirmation. PT1 at $292.14 is your realistic target, banking $0.43 on a $0.35 risk for a 1.2R payoff. With an ATR of just $0.19, reaching PT2 at $292.58 would require nearly 5x the average range — unlikely without a catalyst. The delta at 0.521 gives you decent directional exposure, but theta at -$0.285/day will bleed you through the weekend if this doesn't trigger early. If $291.71 rejects twice, walk away. Cut at $291.36, no exceptions.

The $291 put is the stronger play today. Bearish bias, price sitting below the pivot at $291.64, and support at $291.05 is only $0.44 away — well within striking distance. Entry triggers on a confirmed break below $291.05, targeting PT1 at $290.62 for the same 1.2R. The put's lower theta at -$0.240/day gives you slightly more patience, and the higher open interest at 645 contracts means tighter fills near that $1.38-$1.42 spread. The delta at -0.400 is thinner, so you need a fuller move to hit targets, but gravity favors this side. Put is the A-setup; the call is a counter-trend fade you only take on a clear breakout.