Langlui's Big Board and Options Plays

[newair]

Is anyone here following SPG?
Sitting on April $25 puts. I had figured this to start a serious retraction about the middle or end of last week. Needless to say I was pretty happy to see it go nto a free fall yesterday. But it just came right back today. Did I miss something? Would smart money just take their lose and move on? Or with two weeks left, am I just off on my timeing? Is it just lucky enough to enjoy the positive insanity of this market? Between dillution, comersial real estate, tremendous debt t would seem to me tht little if anything could hold this up. Is it possible that those who did the offering have a reason to hold support? Thank you for any insight.