I am usually really, really good about following my three rules, but on a morning like this (when the GLOBEX has been getting assailed all through the night and we open down 200 points), I am OK making an exception to my "no action in the first 30 minutes" rule. I felt the indexes were stretched pretty hard to the downside, so I closed out my $SPX and $RUT puts for great profits, having acquired them just two days ago during the huge 416 point rally.
Anyway, I'm sorta kinda keeping an eye on the IWM pulling back up to about 66.17 or so. As of the moment, I have no index puts (again).
