Those who bought DIA Feb 7 158 puts for around 0.34 in mid-January as recommended have enjoyed quite a ride, since the options are currently trading for more than 10 times that price. Since the puts expire on Friday, I’ve detailed an exit strategy that can be used to exploit any further weakness in the Industrial Average. My intention is to parlay the gains from this trade on yet another bearish bet. For details, check out the DIA update in today’s list of touts. You should also pay heed to the T-Bond forecast offered today, since the rally from the New Year’s Eve low is looking more and more like the start of a new bull market.
