Where are all the geniuses with the short term puts? Even longer term puts are taking a beating here. My question: How the hell are you people calling the top? Why not wait for at least a couple of down days in a row? And no, I am not long this overpriced POS. Currenlty NP until it starts to fall, and the markets carry it down.
waiting for a couple of down days doesn't always help either. We went from $188 or so, down several days to $175. Following your logic, that would have been the break to start shorting... However, as we've seen, it's bounced right back up.