If $40 does not hold, maybe that is what will happens. In the meanwhile, I am doing some very interesting harvesting of few buckers plus, sometimes even twice a day... If $40 holds, and this market regains its balance, BSTE could challenge its all time high, and there is a big enough short position there to provide the fuel... I would go after the puts only if $40 is breached, not until then.
Zeev
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