Good one to point out there. I like that one as a potential short. Unless of course it breaks out of the downsloping channel. In which case you have get stopped and take only a small loss. <img src=http://img106.imageshack.us/img106/7426/cme19sept20066monthcv0.png> A few thoughts: <img src=http://images2.optionsxpress.com/dba/VolChrt/365/CME_365.gif> <img src=http://images2.optionsxpress.com/dba/VolChrt/90/CME_90.gif> CMNVN: CME October 470p <img src=http://www.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CNM=VN&sid=2400230&time=3&startdate=&enddate=&freq=6&comp=&compidx=aaaaa~0&uf=0&ma=0&maval=50,200&type=4&size=2&lf=1&lf2=-1&lf3=-1&style=350&mocktick=1&rand=96183419&siteid=mktw> CNMVL: CME October 460p <img src=http://www.marketwatch.com/charts/int-adv.chart?siteid=mktw&symb=CNM=VL&sid=2400229&time=3&startdate=&enddate=&freq=6&comp=&compidx=aaaaa~0&uf=0&ma=0&maval=50,200&type=4&size=2&lf=1&lf2=0&lf3=0&style=350&mocktick=1&rand=812049508&siteid=mktw> I looked at November's CNMWL but there is very little volume on it, so may need to stick with the nearer term options.