There’s a promising Hidden Pivot resistance at 101.79 where we can attempt to get short. Buy two December 100 puts (DIAXV) if the stock rallies to within three cents of the target, and place a stop-loss at 102.01. I estimate that the puts will be trading for around 2.45-2.50, if you want to use a limit order. ______ UPDATE: The Diamonds never got higher than 101.20 on the last thrust, so we’ll scrap the offer.
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