Several subscribers reported buying December 28 puts yesterday for 0.62, so that’s the price we’ll use as our cost basis.  The 32.76 rally target we’ve shorted is so clear that I should consider Seppuku if the futures do not in fact turn lower from very near here.  However, my ritual disembowelment should not deter you from managing the risk of this trade prudently, and I’ll therefore suggest that you stop yourself out of the puts if they trade down to 0.37.  This will effective limit theoretical exposure to $200 for the eight puts held. _______ UPDATE (September 29, 11:32 p.m. EDT):  The puts closed a penny off Friday’s 0.48 low. Maintain stops as advised, exiting the position on a sell-stop if they trade for 0.37. _______ UPDATE (October 1, 11:45 a.m.): We were stopped out this morning for a $200 trading loss. We’ll try again, perhaps after the ‘Alibaba Effect’ has run its course.  That could be concurrent with YHOO trading as high as 36.51. More immediately, the stock faces resistance — presumably short-able using the ‘camouflage’ technique — at 34.60, the Hidden Pivot target associated with 36.51. _______ UPDATE (October 1, 7:01 p.m. EDT): The short from near 34.40 was worth a small profit, since the perfect ‘camo’ pattern shown (see inset) would have tripped you in at 34.10 and out at 33.95 (5-minute, a=34.21 at 12:50 p.m.)  The stock recovered sharply by day’s end, however, strongly implying it’s bound for the 36.51 target noted above.