No black swan, simply a scouting vulture/condor.
At the minimum, that would only be a 6% down day-demonstrates how stretched this is here.
Sentiment: Strong Sell
I really don't know how to trade options, or I would. But I saw something today and yesterday, as a commercial, which penciled in a few missing links. It wasn't an options trading ad.
No such thins as a triple digit down day. Go back to the eagle scouts.
Sentiment: Strong Buy
2008-09-29 1106.42 -102.65 -8.81