Before the broad averages started to plummet this morning, subscribers who followed my earlier guidance had acquired eight March 31 208 puts for an average price of 0.92. I advised taking a profit on half of the position when their price doubled to 1.82 early in today’s session. This leaves us with a tracking position consisting of four puts that effectively cost us nothing.  Based on the recent closing price of 2.18, our theoretical gain is $872. For now offer a single put (or 25% of your position) to close at 3.10, and another at 3.70. This guidance could change, but if it does I will post the modification in the chat room and send an email bulletin in timely fashion. To receive this and other such updates, make sure you’ve checked ‘Email Notifications’ on your account dashboard.  _______ UPDATE (Mar 23, 7:47 p.m.): We’ll stay the course. Although today’s gratuitous up-and-down price action generated a bullish impulse leg on the hourly chart, I expect any rally on Friday to fail at 206.72, if not from a lower level. Here’s the chart.  _______  UPDATE (Mar 24, 3:28 p.m.): DIA’s rally today failed 18 cents from where I had forecast. Subscribers who hold this position and have followed my guidance should have sold a single contract (or 25% of your remaining position) at 3.10, with another offered at 3.70. The DIA puts are currently trading for 3.20, meaning the position is showing a theoretical profit of $1270 for each eight options originally purchased. This trade was intended to be simple enough for even novices, since it began with a straight limit bid to buy the puts. I’d be pleased to hear from those in particular who have made some bucks this time but who had never booked a profit before on an option trade.