Well, looks like my nov 480 put buy wasn't the best call. Grumph. Didn't anticipate the whole market to rally like crazy out of nowhere. We'll see what the rest of the day holds.
I would never buy any Nov options (put or calls) in the last 2 weeks prior to expiration (except maybe the OEX or CME). They bleed premium unless they make a HUGE move in the direction of your options.