DIA – Diamonds (Last:107.89)

If a Hidden Pivot support at 107.59 is hit with DIA having gone no higher than 108.14, bottom-fish there by buying two October 108 calls. They should be tied to 107.52 stop-loss in the underlying vehicle. To avoid paying up for the calls, a strict no-no in my book, I suggest monitoring the bid/asked spread as the stock closely approaches the target.  If you don’t know how to use an option calculator — as why should you? — the best way to determine how much to pay for an option is to determine how much the pros are paying for it.  _______ UPDATE (10:25 a.m. EDT): The trade was a non-starter, since DIA went no lower than 108.11 overnight.