DIA 112.50 last -1.14
VIX is down 1.23 to 30.84 now while there is a level of activity in call options (.60 put/call).
This setup implies to me that investors are selling call options to collect premium, which is a short term positive structure for the next few hours.
Buy 112.50 last with 0.50 risk. Target 0.75 to 1.00 upside potential.
112.40 bid now, keep the same stop, but you have a better entry.
10:17AM
Monday, September 22, 2008
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