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[$$ Rainman $$]

I would look at the 200 weekly Puts. I just sold my 205 Monthlies puts on Monday. Watch IBM it runs 1 for 1 with SPY. What SPY does it follows. Green to red and red to green. Not sure how well Calls would do here. I'm looking for more downward movement over the week. Tuesday was not the answer needed after the Monday sell off .....IMO.