Based on actual fills reported by subscribers, I am tracking eight Dec 9 192.50 calls with a cost basis of 0.34. Originally I’d suggested spreading them off against some short 194.50 calls, but I’ll now recommend simply offering half of them to close for 0.68, twice what we paid. If successful, we’ll hold half of the original position effectively for free. On the daily chart, DIA projects most immediately to 191.02, a ‘secondary’ Hidden Pivot, and I doubt it will have trouble getting there. Judging from the way buyers blew past the 186.90 midpoint Hidden Pivot, then consolidated above it, the 195.15 target looks like a very good bet to be reached. If so, it implies an impending rally of nearly 600 points in the Dow Industrials. ______ UPDATE (Nov 22, 8:29 p.m. EST): If you did he trade described above you’ll need to stay alert, since another moderate leg up like Tuesday’s will likely get us filled on the sale of half of the position. This trade was intended for all subscribers, including relative option novices, since it began with a straight limit-bid for the calls.
________ UPDATE (Nov 27, 10:15 p.m.): The calls traded as high as 0.85, allowing anyone who did the initial trade to exit half the position for twice the original price. Assuming four contracts are still held — with an effective cost basis of zero —  I’ll now recommend offering a single contract to close for 1.36, four times the original cost.  The order should be marked good-till-canceled.