Let’s use a 105.45 rally target to get short. December 105 puts (DIAXA) would be a decent buy for around 1.57 at that time if you want to use a limit order, but that’s just a guesstimate, and because there is risk that you could miss the trade, I’ll make the order catch-as-catch-can (as opposed to a Pick of the Day that could be executed on autopilot). Officially, we’ll buy four Dec 105 puts if DIA rallies to 105.42. A 105.61 stop-loss is suggested. _______ UPDATE: DIA went no higher than 104.98 before diving, so we did nothing on the order (which you should cancel).
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