DIA – Diamonds (Last:115.18)

Just for the hell of it, let’s try to buy four January 111 puts.  They closed @ 1.01, but I’ll recommend bidding 0.97 for them at the opening. Stay tuned, since I may adjust the price. _______ UPDATE (9:53 a.m. ET):  We bought four puts for 0.97.  Do nothing further for now.