DIA – Dow Industrials ETF (Last:149.41)

The next rally target with short-able stopping power lies at exactly 155.30, and so I’d suggest buying four July 151 puts if and when this vehicle gets within 7 cents of the target. You should stop yourself out, however, if those puts trade for 0.15 less that what you paid for them.  Above Friday’s high your bias should be bullish until the target is reached, since it will become my minimum upside objective above 149.82.