Why is everyone winning like a 5 year old child? Cause ya shorted or bought PUTS too soon! Diddn't ya know it was going to test the recent high? Still 0.50 away on the DIA Then it dropps like a rock!!!!!!!!! You can put on a posistion now or wait till next week Monday morning is my guess. 3 more tradeing days then a sudden drop! ALWAYS A sudden 400+ drop in the dow durring a monster BULL market. Then ya better cover and buy calls while Cramer and the Fast money 5 say "wait a couple weeks" before getting in(Ya right).
A very uncanny call you made, with the exception of the guess on the huge drop. I would hope there would be follow through selling on 7/11, all the way down to support at DOW 13,300. From there I would close my 135 and 136 puts, and go long on select stocks, staying away from the "Diamonds" for a while. I have made some nice option plays in the oil patch, and FCX for metals.