Because of the close proximity of an important rally target in the E-Mini S&Ps, we should view an analogous one at 156.07 in this vehicle as an opportunity to get short with relatively little risk. Accordingly, I’ll recommend buying four September 150 puts if and when DIA is trading within 3 cents of the target. My guess is that the options will be trading for perhaps 1.18-1.24. Please report your fills in the chat room so that I can establish a tracking position for your further guidance. Note as well that my intention is to use a stop-loss 20 cents lower than the amount paid for the puts, on average, by subscribers. If you use a ‘camo’ signal to get short, you can double the order size to eight contracts (or 800 shares if stock is used). _______ UPDATE (9:56 a.m. EDT): I just noticed a compelling target at 156.01, so let’s start looking diligently for the short from 155.95 on up. We’ll need to guard against the possibility that today’s obligatory, sleazy gap-up opening will turn out to have been a bull trap.
