For your guidance, I’ve assumed that we now hold four July 96 puts @ 0.70, since, during yesterday morning’s impromptu webinar, we had discussed shorting the Diamonds if and when the E-Mini futures reached 1110.50.   This they did, and so we made a bet against the trend. The E-Minis could still go as high as 1115.75, a Hidden Pivot, but they are likely to struggle above it.  For now, do nothing further, but you should write off the $280 in your mind, since the puts we hold were intended as a lottery ticket. ______ UPDATE:  Our rally targets (and our short position) will live to fight another day, since the E-Mini futures struggled all day to push past 1115.75, never getting any higher than 1114.75.