There’s a promising rally target at 210.26 whose significance I won’t go into here, but you can check out the DJIA tout below to get the gist of it. This opportunity calls for a put-buying strategy, especially because I would like newbies to participate. I seldom recommend using options for directional plays, but because this one has rather significant potential, I’m going to make an exception.  Accordingly, bid 0.92 for four March 10 210 puts, good till-canceled. I have not used delta values or a Black-Scholes model to come up with that option price. Rather, I’ve simply projected a target low using ABC price action in the option itself (see inset). This order is extremely unlikely to fill on Friday, and I expect to adjust it next week to get the price perfectly right. What I do NOT want is to see reports in the chat room from breathless subscribers who have jumped the gun and bought 50 of these puts. Unless you REALLY know what you are doing, wait for an explicit buy signal from me before initiating this trade. Do not discuss this trade in the chat room, since I want to keep it as ‘dark’ as possible. There should not be any questions either, since the information I’ve provided above is complete.  If you don’t think so, then I would strongly suggest that you watch from the sidelines. There will always be another opportunity. Finally, if you are not signed up for real-time notifications, go to your account dashboard and check the appropriate box. That way you will always be alerted in real time when I have timely information to share with you. _______ UPDATE (Mar 1, 11:16 p.m. EST): Having demolished a clear rally target at 210.26, DIA appears to be locked on a new one at 214.77.  If you bought the put options as suggested above, adhere to the 0.50 stop-loss. If they trade at that price you should exit your position at-the-market. _______ UPDATE (Mar 2, 8:43 p.m.):  DIA will likely have to correct further before it becomes a fetching buy. A fall to the red line (see inset, a new chart) could create a ‘mechanical’ buying opportunity, so let’s give sellers some time to do their work. _______ UPDATE (Mar 5, 7:54 p.m.): I’ve revised the chart with a new pattern that gives this corrective move a little more room.  If a buying opportunity should develop at the red line, I’ll signal it in the char room — or perhaps post it to The Scoreboard if it looks like a high-odds bet. _______ UPDATE (Mar 7, 7:15): With just three trading days till expiration, time decay is quickly eroding our puts, but that will cease to matter if this vehicle goes deeper in-the-money on Wednesday. In any case, we’ll stick to our game plan, offering the third of four March 10 210 puts to close for 1.40 with an 0.80 stop-loss on the position. If the 1.40 offer fills, the effective cost basis for the remaining put (or puts, if you did a multiple of the original four-lot trade) would be 0.10. That means the most we could lose would be $10, with profit potential into week’s end unlimited. _______ UPDATE (Mar 8, 10:25 p.m.): A print at 0.78 on the opening stopped out our position for a small profit. Some subscribers held on, and I suggested they play it down to the wire. Stocks still look weak, notwithstanding this morning’s buying flurry on ostensibly bullish jobs news.