tocks were climbing steadily higher, and although a bullish target we were using for the E-Mini S&Ps implied that a strong rally was imminent, we decided it would be premature to look for a camouflaged entry opportunity. That’s because timid action on the lesser charts hinted of tedium for at least a few more hours. Even so, we found a way to play the move, if and when it occurs, by using call options in the Diamonds. Specifically, we considered calendar-spreading an out-of-the-money strike. The discussion of this strategy was a digression of sorts but well worth your attention, since we have seldom discussed the leveraging of options in such detail during the weekly class.
