I'm a bit worried about my $179.50 and $178.50 puts that I sold today and yesterday
My concern is that they'll take the market down in December in the first 2 weeks. (My options expire on the 6th and 13th).
This will be done to force the FED not to taper. FED will never taper into the down market, but into an up market they could. So market down, to force the FED not to taper when they meet and then Santa rally comes to save the year and SPY closes at $182.00
Late day plunge has me worried and I stand to lose $30K if this scenario unfolds.