Assuming the Diamonds blow past the 86.92 midpoint pivot that arrested yesterday’s spree, they will likely be bound for a minimum 88.30 thereafter. I’ll leave it to chat-room Pivoteers to improvise a boarding strategy for the ride north, but if and when the rally reaches its projected terminus at 88.30, we’ll want to attempt shorting there by buying a January 88 put (DAVMJ); or alternatively, naked-shorting a January 90 call (DAVAL). I will update with more-detailed guidance if the trade gets in range before the final hour, so keep your bulletin launcher open if you’d like to be alerted in real time. _______ UPDATE: A short from 88.30 would have worked nicely, since the Diamonds plunged 1.47 points (!) after making a top that day at 88.37. They have since recovered (and then some) on the first trading day of the New Year, but if you managed the risk properly, you would have come away with an easy profit.