I bought puts yesterday when the market was up 320. It closed up 416.
I bought more this morning when the market was up 50. It then proceeded to go up over 100.
So I'm certainly not getting these things are the cheapest price possible, and they are in the red so far. But I'm honestly totally cool with that. I am basing these purchases on the notion that this is a big bear market rally and is simply another profit opportunity.
