I bought the 475 puts the open figuring this was a typical sell off at the open. 1.75 million shares first minute on no news which fades to no volume second minute. Only reason it spiked was because I-Phone sales started. I never saw that one coming. I covered after a quick double at 474. I had to do this to cover unexpected GLD losses on a position for next week because the FEDS said taper starts in Oct. I got hit 30% on the GLD calls. Recovered the loss in 15 minutes on my Apple. Thanks Apple. I don't know where it goes from here. I think 470 but if they stick it at 475 the 480 puts are the play since you will lose very little vs a 475 that would get destroyed hour by hour as long as we're riding the 475.