Today was the day I pulled the trigger on put options, not a huge bet but enough to get a taste. $147 FEB puts, they were on sale today at record low prices. I don't gamble with weekly options anymore but we saw the top in this market for a LONG time. The mother ship AAPL is guiding down, high end retailers missed their numbers big time. The economy is slowing, consumption is slowing, no one cares to buy all these things, not even the wealthy.
Well, whaddya know. It wasn't too long ago we were saying "it's all AAPL all the time." The great one has fallen, and may take the market with it, although NFLX and others are still seeing huge short covering.
However COH was basically ignored by the broader market.