Always a choice - 34 stopped the first try so there are limited ways to bring it down now. 39-40 to gap fill by close is one of them.
They are trying a showdown at 1st quarter high. If they fail to take it higher, vol's 20's call will likely happen. If they succeed, zoom to new year high.
CME just lowered margins - you can't make this shit up. http://www.scribd.com/doc/56748293/Chadv11-188