I didn't feel like a cretin, but I guess I am. I am down 56% on one of my put positions and 11% on the rest...until Wednesday. I will be hurt significantly if it rises or does one of its famous "crash and fly". Of course, if people do simple math and have fear once again, then maybe all will be right with the world. I may be fighting a trend, but at least I am not fighting logic or fate.