We're moving out to June to buy a little extra time and get past this US-China trade game. This is actually a repeat Sell, the first being on February 6th at $55.84. K closed Friday at $56.73, so entry is at a more advantageous entry. Target is at the bottom of the regression trend channel below $50, which would value this Put over $5.00. A 35% gain is at $3.20 (based upon $2.35 entry), an easy reach on just a little bump down.
Intermediate Term Sell Trade Table