The 112.26 downside target given here yesterday still looks pretty good — so good, actually, that it’s surprising it was not hit precisely yesterday instead of being dusted by a low 8 cents above it. Let’s try again, bidding 2.00 for two January 112 calls, contingent on the stock trading 112.24 or higher, good until 10:30. Stop yourself out if DIA prints down to 112.14, since that would indicate more downside over the near term to as low as 108.54. I have not featured this trade as a Pick of the Day because there is a contingency on the order. This is considered expert play by the brokerage firms, very few of which accept contingency orders. In fact, any brokerage that does not handle contingencies has cynically ordained that its option customers mostly lose money. _______ UPDATE: 108.54, here we come! The Diamonds gapped through the target support on the opening, negating my trade recommendation, although not the very bearish target.