The bullish impulse leg that I flagged here Thursday night when the Cubes were getting decimated is capable of catapulting them as high as 32.35 over the near term — a leap of nearly 10 percent. However, because the danger of a market collapse is at an extreme now, I would rather attempt shorting at the c-d midpoint, 30.41, than try to leverage the upside. Accordingly, we’ll look to buy two January 30 puts (QAVMD) if and when 30.41 is reached; they should be trading for around 1.64. Although that would be a fair price to pay for them, I’m not going to suggest parking a limit order with your broker since that could cause you to miss the trade. Stop yourself out if the puts trade 0.10 below where bought. _______ UPDATE: The trade was a non-starter, since the Cubes opened on weakness and never traded higher than 29.76.