DIA – Diamonds (Last:93.33)


A Hidden Pivot resistance at 95.61 is equivalent to the target given for the cash Dow in today’s Side Bets. I’ll suggest buying two September 91 puts (DAVUM), good through Thursday, if and when the stock reaches the target.  The options would be attractively priced at around 1.23 if you want to park a limit order with your broker, but be prepared in any case to stop yourself out if DIA trades above 95.80. I’ve included a snapshot of my option calculator, into which I’ve plugged a 23 volatility that I interpolated from Tradestation.

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