I’m not keen on chasing the puts, so let’s move to the sidelines and wait for the minor downtrend play out.  If the Diamonds are going to provide us with another opportunity to get short on an upswing, they should put in a tradable bounce from either 84.43 or 83.47, or both. While we’re waiting, you can bottom-fish the second number with a stop-loss as tight as 8 cents. _______ UPDATE: Cancel the bid, since DIA has remained stubbornly buoyant.