You may right - time for an options straddle http://quote.yahoo.com/q?s=MSFT&d=c&k=c1&a=v&p=s&t=5y&l=on&z=m&q=l A google searched turned up the following. Ironically the stock used to illustrate the pattern was ADM, another anti trust violator. http://www.trade10.com/Head_Shoulders.html