When I get to the bottom I go back to the top of the slide

How crazy volatile is this stock market? I trade stock options. With calls, you gain if the stock goes up. With puts, you profit when the stock drops. I currently have puts on a number of financials.

At open of market Monday, those puts had a paper loss of 40%. Right now, they are up 40%. This isn’t to show what a clever trader I am (because, hey, just a few days I was getting clobbered) but to show how unstable the market is now. Lots of swings both ways. However now it appears the next big leg down is happening. Look out below.

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