Well, my puts were a calculated portion of a trade I planned to scale into. This is the first portion, and I liked the risk/reward. The puts are June, so I've got time, and I'll double up if we get to COMP 1500. If we take out COMP 1521, I'll hedge long and lock in at that level.
There are two areas we're basically looking at near term - here and NDX 1151, IMO. This is not likely to be the high, but it is close enough that I like the chances of a pullback of 25 points from this level.
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