Fun fun fun, til your (sugar) daddy takes your Quantitative Easing away.
I will be selling 75%s of both puts into the close since it's such a bad close. That does not mean I think the market will open up first thing tomorrow; I simply cannot turn away such gains in less than 7-8 hrs. These SPY puts will be up 50%+ unless the market reverses in the last 3 minutes ;)
I don't look at the Dow Jones much at all, I admit it - since its such a narrow index (30 stocks) but the 10,000 mark means a lot psychologically. I still remember the New Year's type hats CNBC broke out when we first crossed over in 1999.