This morning I exited all of my index puts immediately. Part of my reasoning was rational, and part was irrational. The rational part was that the IWM opened basically at its Fibonacci level, so it was a good exit opportunity. The irrational part was that a couple of my positions had been entered at very poor points, thus making a pretty fat loss on the position, and I really wanted to get that loss "off the books" (and off my screen).
I've re-entered a pretty big put position on the $RUT now that the market has bounced way off its lows.
