Shortable Hidden Pivot rally targets at, respectively, 65.00 and 65.18 correspond to those noted in today’s tout for the Dow Industrial Average. Accordingly, I’ll suggest buying four July 65 puts (or some multiple thereof) if and when the target is closely approached. Since, in my estimation, odds of a downturn from somewhere near the target range is very high, we can dispense with a stop-loss for the time being.
