DIA – Diamonds (Last:86.35)

We’ll stick our necks out an inch today, bidding 1.90 for two August 80 puts (DIJTB).  We’d be looking to buy more of them if the futures were aboutto top at a Hidden Pivot resistance, but in this case they have already started lower, negating any edge we might hope to gain by shorting as Hidden Pivot swing point. _______ UPDATE (8:48 a.m.):  Lower the put bid to 1.70 and leave it in for the session.  With DIA likely to open somewhat higher, there’s no point in sticking our necks out.