We continue to look for the right spot to short this foul hoax. Earlier, I’d suggested the possibility of simply going for it, buying puts without using a specific rally target. However, option volatilities are so breathtakingly high at the moment — put options that are $30 out-of-the-money are going for nearly $700 apiece — that we can ill afford to initiate a short position other than at the most opportune moment. Stay tuned!