The Hidden Pivot midpoint support at 163.62 (see inset) is well placed for tightly stopped bottom-fishing. Accordingly, I’ll recommend buying four August 8 calls at the lowest strike at which calls are selling for less than 0.70 if and when the support is touched or closely approached. This could happen on an opening-bar downdraft, so you may have to be nimble. If you’re filled, stop out the position if the calls trade for 0.15 less than you paid for them, but make the order one-cancels-other with an offer to sell half the calls for 0.25 more than you paid for them. The rest will be keepers — meaning for hours, not days or weeks. ______ UPDATE (8:50 p.m. EDT): The trade triggered, but since there was not a word about it in the chat room, I’ll assume nothing done. The trade went profitable intraday, but the Diamonds were headed lower at the bell, presumably for a rendezvous with the 162.64 target shown. Don’t lean too heavily on that Hidden Pivot, though, since this vehicle could drop all the way to 160.67 (15-min, A=168.95 on 7/30) if Friday turns ugly.
