This tout is mainly for information value, since the opportunity to buy puts on DIA at the perfect price — in this case, Sep 15 218 puts for 1.18 — has passed. My rule of thumb is to by puts or calls only when we expect them to go in-the-black within one minute. This implies buying them when the underlying vehicle is hitting a targeted high or low.  DIA did so midway into Wednesday’s session when it touched the red line, a midpoint Hidden Pivot resistance at 219.23 that I hadn’t noticed Tuesday night.  I am displaying this chart after-the-fact because it still has predictive value. Indeed, if the bull market is about to end, we should see DIA pull back from p and fall beneath C=215.73. Alternatively, if DIA forges higher in the first hour or two on Thursday, that would imply it’s headed to new all-time highs. In either case, we’ll trust what we see, not what we might wish for.