Any uumph to this down day?

I bought S+P puts way to early...May 17th to be exact.

Today the market showed the weakness that I have been expecting, and not necessarily because it was down 170 points, but because of the volume. We had the negative divergence I showed in an earlier post, the same day we bought the puts.

One of the fundamentals all put (or call) buyers should remember is that they should be bought MORE then one month out. I didn't do it this time, but there is still plenty of time value left (expire June 20.) Stay tuned...