But how do I effectively short the stock? Not that there is anything wrong with the stock...do I just by calls? thanks I know many on here are much more experienced and I do not mean anything negative about the stock
You buy puts. Many right now are buying the 130 puts for 2.95, gambling that the stock will be below 127.05 by July 20. You can only lose about $3 a share this way, and, in my opinion, undoubtedly will.