Into SPXU Sep 21 '13 $23 Calls @ $0.85...

There is a tonne of open interest on this issue...

Implied Volatility is a bit high on this, but could it head higher - especially if the VIX is able to find support?

A shift in sentiment seems to be occurring - at least for the short term - as action in Syria seems to be rattling nerves.

Political unrest hasn't had this effect for quite some time, so if the Buy the Dippers fail to push the SPY higher, this could be a very pivotal moment...

Open Interest = 10,457

Implied Volatility = 44.80%