July 29th, 2010
Published Daily

DIA – Diamonds (Last:99.46)

by Rick Ackerman on October 22, 2009 2:09 am GMT

Our short offer at 101.82 got stranded despite an encouraging short-squeeze on the opening. The Diamonds never got any higher than 101.20, and because they fell so hard into the close, we’re likely to have plenty of company if we continue to look for a short entry. Let’s give it a day and see if option volatilities continue to climb out of sight.

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