DIA – Diamonds (Last:98.77)

A Hidden Pivot at 100.73 looks like a potentially fat pitch for those of you who have waited patiently to get short. We’ll look to buy some December out-of-the-money puts if and when the target is closely approached, so stay tuned for a possible intraday update. Meanwhile, a cheap way to play the rally would be to buy Dec 101-Nov 101 call spreads for 0.65 or better. If you fill, please let me know in the chat room or via e-mail so that I can establish a tracking position for your further guidance.