"I never said buying puts moves the stock down." I wasn't saying that was what you were suggesting. I made that statement because a lot of people are not familiar with how options work. So...with no shares available to borrow to short that leaves market sentiment. Comparing call open interest against put open interest, it seems that market sentiment is with the bulls. Open interest in calls is over twice the open interest in puts. Volume on calls today was over twice the put volume. $FXCM$