A Hidden Pivot target at 92.31 is equivalent to the 9141 target given for the E-Mini Dow. We’ll try shorting there — albeit with a tight stop, since a decisive move above the pivot would be signaling more upside to as high as 99.12. It’s impossible to estimate how much the January 88 puts (DAVMJ) will be selling for, but we’ll try to buy one if and when the Diamonds reach the target, presumably later in the week. A price of around 2.73 would be a steal, but that’s based on the unlikely scenario of implied volatilities holding level as DIA rises. You should stop yourself out of the trade if the put trades for 0.15 less than you paid for it. I’ve included a snapshot of an option calculator that shows how I arrived at a fair price. The 44 volatility comes from TradeStation. _______ UPDATE: The recommendation was a non-starter, since the Diamonds never made it above 89.80. We’ll consider shorting at another time.