There were no reports to confirm a price in the chat room, but I’ll use a 0.72 cost basis for four Nov 22 39-strike calls I’d recommending buying yesterday. It is not a healthy sign that JNK closed beneath the 39.40 target, albeit only by a few cents.  Based on the earlier tout, you should stop yourself out of the calls if they trade for 0.57. ______ UPDATE (October 14, 7:35 p.m. EDT): JNK has taken a modest bounce from the targeted low, but the calls remain leaden. Stick to the 0.57 stop-loss, which is intended to limit the theoretical loss from this play to $60. You should make the stop-loss o-c-o (one-order-cancels-the-other) with an offer to sell two of the calls currently held for 1.40, effectively zeroing out risk.  Obviously, it will take a sustained, powerful rally to get the offer filled. _______ UPDATE (October 16, 12:46 a.m.): We’ll back away for now, since I’d rather be shorting this flying pig when it’s airborne rather than emerging from a wallow.