Observation - Prima facie the stock looks likely to have made a triple top around 537
- the stock is trading below it's 20 Day EMA and 50 day EMA
On any rise the zone of 480 -488 may be crucial for the stock. Any rejection in this zone can signal signs of weakness and if 469-463 zone is taken out it may potentially fall up to 447 / 436 / 418 odd levels
Given the set up one may consider the following Bear Call Spread strategy
Sell 480 Call option preferably around 24 Buy 520 Call option around 8
Maximum profit if stock closes any where below 480 on 25 Feb 2021.
Stay cautious if closing is above 485 levels on daily charts.